# Oil prices rise to $105.3 as renewed U.S.-Iran tensions fuel supply concerns

> Oil prices edged higher on Tuesday after reports that the United States struck Iran's Qeshm Island, reviving fears of escalation in the eight-month conflict. Brent rose about 0.5% to $105.3 and WTI rose to $97.05 after falling more than 7% the previous day on hopes of Qatari-mediated talks.

- Date: 2026-11-03 · published 2026-11-03T06:07:15.838Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/77049-oil-prices-rise-to-105-3-as-renewed-u-s-iran-tensions-fuel-supply-concerns
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Renewed strikes add a geopolitical risk premium to crude, which feeds through to diesel and energy costs for feed mills and farm inputs. The modest gain suggests markets had already priced much of the risk, so prices remain volatile around peace headlines.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-05-17 | [Oil prices rise 3% to two-week high on Iran war supply concerns \| Reuters](https://feedsoft.ai/events/19430-oil-prices-rise-3-to-two-week-high-on-iran-war-supply-concerns-reuters.md) | -8.1% | -22.7% |
| WTI | 2022-06-16 | [Oil rebounds as new Iran sanctions fuel more supply concerns](https://feedsoft.ai/events/41115-oil-rebounds-as-new-iran-sanctions-fuel-more-supply-concerns.md) | -8.7% | -14.2% |
| WTI | 2019-09-19 | [Oil prices rise as Saudi supply risks come into focus](https://feedsoft.ai/events/57239-oil-prices-rise-as-saudi-supply-risks-come-into-focus.md) | -3.0% | -8.2% |
| WTI | 2026-10-28 | [Arab News \| Oil rises more than 1% as supply concerns persist](https://feedsoft.ai/events/17239-arab-news-oil-rises-more-than-1-as-supply-concerns-persist.md) | -2.1% | — |
| WTI | 2019-03-29 | [Oil prices rise amid OPEC's ongoing supply cuts, U.S. sanctions](https://feedsoft.ai/events/60279-oil-prices-rise-amid-opec-s-ongoing-supply-cuts-u-s-sanctions.md) | +4.8% | +6.7% |
| BRENT | 2026-05-17 | [Oil prices rise 3% to two-week high on Iran war supply concerns \| Reuters](https://feedsoft.ai/events/19430-oil-prices-rise-3-to-two-week-high-on-iran-war-supply-concerns-reuters.md) | -5.7% | -24.9% |
| BRENT | 2022-06-16 | [Oil rebounds as new Iran sanctions fuel more supply concerns](https://feedsoft.ai/events/41115-oil-rebounds-as-new-iran-sanctions-fuel-more-supply-concerns.md) | -6.6% | -15.1% |
| BRENT | 2019-09-19 | [Oil prices rise as Saudi supply risks come into focus](https://feedsoft.ai/events/57239-oil-prices-rise-as-saudi-supply-risks-come-into-focus.md) | -2.4% | -7.2% |

## Sources

- economymiddleeast.com: https://economymiddleeast.com/news/oil-prices-rise-to-105-3-as-renewed-u-s-iran-tensions-fuel-supply-concerns/
- en.mehrnews.com: https://en.mehrnews.com/news/249119/Oil-prices-rise-after-report-of-US-aggression

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