# Crude oil prices likely to remain volatile with upward bias amid US-Iran tensions: Analysts

> Analysts expect crude oil to stay volatile with an upward bias next week as US-Iran negotiation uncertainty and Strait of Hormuz shipping risks keep geopolitical concerns elevated. The US midterm outcome and Washington's stance toward Tehran are seen as key triggers. Brent is near $118 amid supply concerns.

- Date: 2026-11-01 · published 2026-11-01T18:08:28.925Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/29338-crude-oil-prices-likely-to-remain-volatile-with-upward-bias-amid-us-iran
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Ongoing Hormuz risk keeps crude and diesel firm, lifting energy and transport costs for feed mills and supporting vegetable oil prices as an energy-linked commodity.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-10-01 | [Brent crude oil surges past $102 amid Hormuz tensions, US-Iran conflict](https://feedsoft.ai/events/9323-brent-crude-oil-surges-past-102-amid-hormuz-tensions-us-iran-conflict.md) | +2.6% | +8.8% |
| BRENT | 2025-01-10 | [Oil prices rally 3% as US hits Russian oil with tougher sanctions](https://feedsoft.ai/events/10352-oil-prices-rally-3-as-us-hits-russian-oil-with-tougher-sanctions.md) | +5.4% | -4.2% |
| BRENT | 2025-06-19 | [Oil prices up nearly 3% as Israel-Iran conflict escalates, US response remains uncertain](https://feedsoft.ai/events/10996-oil-prices-up-nearly-3-as-israel-iran-conflict-escalates-us-response-remains.md) | -12.2% | -10.9% |
| BRENT | 2025-12-29 | [USD/CAD slips to near 1.3650 as Oil prices gain on Middle East tensions](https://feedsoft.ai/events/21733-usd-cad-slips-to-near-1-3650-as-oil-prices-gain-on-middle-east-tensions.md) | +0.4% | +7.2% |
| BRENT | 2026-03-11 | [Crude oil surge likely to support palm prices \| The Star](https://feedsoft.ai/events/15488-crude-oil-surge-likely-to-support-palm-prices-the-star.md) | +19.2% | +21.1% |
| WTI | 2026-10-01 | [Brent crude oil surges past $102 amid Hormuz tensions, US-Iran conflict](https://feedsoft.ai/events/9323-brent-crude-oil-surges-past-102-amid-hormuz-tensions-us-iran-conflict.md) | -2.3% | +8.7% |
| WTI | 2025-01-10 | [Oil prices rally 3% as US hits Russian oil with tougher sanctions](https://feedsoft.ai/events/10352-oil-prices-rally-3-as-us-hits-russian-oil-with-tougher-sanctions.md) | +7.0% | -3.7% |
| WTI | 2025-06-19 | [Oil prices up nearly 3% as Israel-Iran conflict escalates, US response remains uncertain](https://feedsoft.ai/events/10996-oil-prices-up-nearly-3-as-israel-iran-conflict-escalates-us-response-remains.md) | -12.7% | -9.6% |

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/commodities/crude-oil-prices-likely-to-remain-volatile-with-upward-bias-amid-us-iran-tensions-analysts-14065512.html

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