# Ringgit edges higher as US-Iran talks fuel hopes of Hormuz reopening

> The ringgit opened marginally higher against the US dollar on Tuesday at 4.0690/0750 from Monday's close of 4.0695/0735. Brent crude fell 8.12% to US$104.21 per barrel as US-Iran diplomatic talks progressed.

- Date: 2026-11-03 · published 2026-11-03T03:09:11.458Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/76890-ringgit-edges-higher-as-us-iran-talks-fuel-hopes-of-hormuz-reopening
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Hopes of reopening the Strait of Hormuz lower crude prices and ease energy-driven inflation pressure, which weakens the case for further US rate hikes and supports Asian currencies. Currency moves matter for Malaysian palm oil and feed import costs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- USDMYR: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-09-18 | [Ringgit opens higher against US dollar as oil prices ease \| The Star](https://feedsoft.ai/events/17729-ringgit-opens-higher-against-us-dollar-as-oil-prices-ease-the-star.md) | -0.3% | +5.0% |
| BRENT | 2026-05-29 | [Ringgit opens higher against US$ in improved sentiment \| The Star](https://feedsoft.ai/events/19534-ringgit-opens-higher-against-us-in-improved-sentiment-the-star.md) | +4.9% | -15.5% |
| BRENT | 2026-06-01 | [Ringgit ends higher against US dollar on renewed risk appetite](https://feedsoft.ai/events/19535-ringgit-ends-higher-against-us-dollar-on-renewed-risk-appetite.md) | +1.3% | -20.5% |
| BRENT | 2022-11-29 | [Ringgit retreats to open lower against US dollar \| Malay Mail](https://feedsoft.ai/events/38931-ringgit-retreats-to-open-lower-against-us-dollar-malay-mail.md) | -0.4% | +0.0% |
| BRENT | 2023-09-20 | [Oil prices ease 1% after US Fed warns of higher rates for longer](https://feedsoft.ai/events/34005-oil-prices-ease-1-after-us-fed-warns-of-higher-rates-for-longer.md) | -1.1% | -4.2% |
| WTI | 2026-06-01 | [Ringgit ends higher against US dollar on renewed risk appetite](https://feedsoft.ai/events/19535-ringgit-ends-higher-against-us-dollar-on-renewed-risk-appetite.md) | +1.7% | -21.8% |
| WTI | 2023-09-20 | [Oil prices ease 1% after US Fed warns of higher rates for longer](https://feedsoft.ai/events/34005-oil-prices-ease-1-after-us-fed-warns-of-higher-rates-for-longer.md) | -0.1% | -5.0% |
| WTI | 2020-05-28 | [Ringgit eases against USD](https://feedsoft.ai/events/53392-ringgit-eases-against-usd.md) | +13.8% | +15.7% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2026/11/03/ringgit-edges-higher-as-us-iran-talks-fuel-hopes-of-hormuz-reopening/241743

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