# Brent crude falls below $115, WTI near $101 as US-Iran peace hopes offset fears of growing Middle East conflict

> Brent crude fell below $115 and WTI near $101 as hopes of US-Iran peace talks offset concerns about growing Middle East conflict. Houthi attacks and possible further US military action were cited as limiting losses.

- Date: 2026-10-29 · published 2026-10-29T06:05:59.306Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/254-brent-crude-falls-below-115-wti-near-101-as-us-iran-peace-hopes-offset-fears-of
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Peace-talk hopes ease the geopolitical risk premium in crude, which could moderate diesel and freight costs if sustained.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-10-29 | [Oil prices fall as peace hopes offset fears of growing Middle East conflict](https://feedsoft.ai/events/251-oil-prices-fall-as-peace-hopes-offset-fears-of-growing-middle-east-conflict.md) | -5.4% | — |
| BRENT | 2026-10-29 | [Arab News \| Oil prices fall as peace hopes offset fears of growing Middle East conflict](https://feedsoft.ai/events/1439-arab-news-oil-prices-fall-as-peace-hopes-offset-fears-of-growing-middle-east.md) | -5.4% | — |
| BRENT | 2024-04-18 | [Crude oil prices today: WTI falls below $83 as war fear eases](https://feedsoft.ai/events/30929-crude-oil-prices-today-wti-falls-below-83-as-war-fear-eases.md) | +0.1% | -8.0% |
| BRENT | 2026-10-29 | [Oil prices fall as hopes of US-Iran peace talks ease supply fears \| Commodity News - Business Standard](https://feedsoft.ai/events/253-oil-prices-fall-as-hopes-of-us-iran-peace-talks-ease-supply-fears-commodity.md) | -5.4% | — |
| BRENT | 2022-04-03 | [Oil prices fall after truce in Middle East conflict, petroleum reserve news \| Reuters](https://feedsoft.ai/events/11046-oil-prices-fall-after-truce-in-middle-east-conflict-petroleum-reserve-news.md) | -3.1% | +2.6% |
| WTI | 2026-10-29 | [Oil prices fall as peace hopes offset fears of growing Middle East conflict](https://feedsoft.ai/events/251-oil-prices-fall-as-peace-hopes-offset-fears-of-growing-middle-east-conflict.md) | -2.3% | — |
| WTI | 2026-10-29 | [Arab News \| Oil prices fall as peace hopes offset fears of growing Middle East conflict](https://feedsoft.ai/events/1439-arab-news-oil-prices-fall-as-peace-hopes-offset-fears-of-growing-middle-east.md) | -2.3% | — |
| WTI | 2024-04-18 | [Crude oil prices today: WTI falls below $83 as war fear eases](https://feedsoft.ai/events/30929-crude-oil-prices-today-wti-falls-below-83-as-war-fear-eases.md) | +0.5% | -4.3% |

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/markets/brent-crude-falls-below-115-wti-near-101-as-us-iran-peace-hopes-offset-fears-of-growing-middle-east-conflict-14063109.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.