# WTI Up 15% in October on Fears of Iran War Escalation

> NYMEX WTI for December delivery settled at $104.12 a barrel, up about 2% on the day. The contract rose around 15% over October, its largest monthly gain since July, on fears of escalation in the Iran conflict. It has now advanced for four straight weeks.

- Date: 2026-10-30 · published 2026-10-31T10:05:52.327Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/2963-wti-up-15-in-october-on-fears-of-iran-war-escalation
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher crude raises diesel and freight costs for grain and feed logistics and supports biofuel feedstock demand, which tends to lift vegetable oil and grain prices.

## Read by commodity

- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-04-30 | [Oil retreats after hitting four-year high on concern of US-Iran war escalation \| Reuters](https://feedsoft.ai/events/19881-oil-retreats-after-hitting-four-year-high-on-concern-of-us-iran-war-escalation.md) | -10.8% | -16.4% |
| WTI | 2019-06-21 | [U.S. oil soars 10% in week on fears of U.S.-Iran conflict](https://feedsoft.ai/events/12313-u-s-oil-soars-10-in-week-on-fears-of-u-s-iran-conflict.md) | +4.3% | -2.3% |
| WTI | 2022-03-07 | [Euro slides as war in Ukraine stokes fears of inflationary shock](https://feedsoft.ai/events/8258-euro-slides-as-war-in-ukraine-stokes-fears-of-inflationary-shock.md) | -5.5% | -14.2% |
| WTI | 2024-10-31 | [Oil Rises On Middle East Conflict Escalation Fears](https://feedsoft.ai/events/28028-oil-rises-on-middle-east-conflict-escalation-fears.md) | +4.5% | +0.2% |
| WTI | 2026-03-25 | [Oil settles up nearly 6% as investors fear further Middle East escalation \| Reuters](https://feedsoft.ai/events/20343-oil-settles-up-nearly-6-as-investors-fear-further-middle-east-escalation-reuters.md) | +10.2% | +1.3% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/AG/news/world-policy/article/2026/10/30/wti-15-october-fears-iran-war

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