Brent crude crashed! The fate of the war could change on that date

Brent crude extended its decline to its lowest levels since late August after U.S. President Donald Trump said a new military intervention against Iran does not currently appear likely, easing concerns over Middle East supply disruptions. The drop reflects reduced risk premiums tied to potential output losses from the region. Separately, Democrats are reportedly preparing to use the government funding deadline of Dec. 11 as political leverage to push the Trump administration toward ending the conflict. Traders are watching whether the funding standoff hardens the White House's stance and whether easing geopolitical risk keeps crude under pressure.