BNO is trading at $60.26, down 3.15%, as easing Iran tensions reduced crude’s geopolitical risk premium.

  • President Trump said further strikes on Iran were unlikely if negotiations progressed. Brent was reported near $97 on November 9 after falling more than 16% the prior week.
  • Shipping and energy-infrastructure attacks provided a counterweight but did not reverse the broader oil-price decline.
  • No major U.S. economic release was scheduled before the open; the move appears tied chiefly to crude-market news.