◂ Event Timeline

Oct 29, 2026GEOPOLITICSMiddle East

WTI Oil eases from highs on Iran peace hopes but remains above $100.00

WTI traded at $100.80, below Wednesday's high near $103.00 but still above $100, as US and Iranian comments raised peace hopes. The decline came on Thursday.

WHY IT MATTERS

Peace hopes reduce the risk premium in crude, which lowers energy costs and weakens the biofuel link for vegetable oils and corn.

AFFECTSCrude Oil (WTI)▼

SOURCE
fxstreet.comOct 29, 2026

Price reaction & history

Crude Oil (WTI)▼bearishSO FAR1d +0.7%5d -2.3%20d —

After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.

Apr 10, 2026Oil Eyes Large Weekly Loss Amid Fragile Iran Peace Hopes-3.2%
Apr 13, 2026Oil prices fall as supply concerns ease on hopes for US-Iran talks - CNA-12.8%
May 29, 2026Oil falls on hopes for US-Iran ceasefire agreement | Reuters+4.6%
Oct 29, 2026Oil prices fall as hopes of US-Iran peace talks ease supply fears | Commodity News - Business Standard-2.3%
Oct 29, 2026Brent crude falls below $115, WTI near $101 as US-Iran peace hopes offset fears of growing Middle East conflict-2.3%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Crude Oil (WTI) WTI · GP ▸

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