Futures sank on words alone, with no signed deal and Iran denying any talks exist. Why did one oil fund crater while Exxon and Chevron barely flinched, and what number could reverse the slide?
The U.S. military carried out another round of strikes in Iran on Friday, according to reports published on November 7. KCRA reported that President Donald Trump said the strikes targeted an Iranian air defense system, while NBC News said the military described them as defensive and reported explosions on Qeshm and Hengam islands and near Bandar Abbas. The Hindu said the strikes came as Tehran considered proposals from a mediator, but the reports did not specify the extent of damage or whether there were casualties.
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