# FXStreet Puts WTI Above $95 as Iran Says U.S. Contacts Continue

> WTI traded near $95.30 early on November 3 after a Monday selloff of about 7%, as Iran's talks with Qatari mediators ended without agreement. Iran said it remained in contact with Washington and that its seven-step proposal would guide mediated discussions.

- Date: 2026-11-03 · published 2026-11-03T06:07:16.025Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/77052-fxstreet-puts-wti-above-95-as-iran-says-u-s-contacts-continue
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Ongoing diplomacy with Iran and continued Hormuz disruption leave crude highly sensitive to headlines, affecting diesel and freight costs for feed buyers. A deal to reopen Hormuz would be bearish for energy costs.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-09 | [European nitrogen market rallies on gas price hike, Iran conflicts \| S&P Global](https://feedsoft.ai/events/20464-european-nitrogen-market-rallies-on-gas-price-hike-iran-conflicts-s-and-p-global.md) | +8.5% | +25.0% |
| WTI | 2022-03-09 | [Oil falls as investors weigh U.S. import ban](https://feedsoft.ai/events/5778-oil-falls-as-investors-weigh-u-s-import-ban.md) | -22.0% | -17.5% |
| WTI | 2026-04-01 | [Gold set for worst month in more than 17 years as U.S. rate-cut hopes fade](https://feedsoft.ai/events/20072-gold-set-for-worst-month-in-more-than-17-years-as-u-s-rate-cut-hopes-fade.md) | -6.6% | +6.7% |
| WTI | 2026-07-31 | [WTI Oil rises as geopolitical risks keep supply concerns alive](https://feedsoft.ai/events/18520-wti-oil-rises-as-geopolitical-risks-keep-supply-concerns-alive.md) | -7.4% | -0.3% |
| WTI | 2025-12-30 | [Russia attacks Ukraine's Black Sea ports and civilian ships, Kyiv says \| MarketScreener](https://feedsoft.ai/events/14157-russia-attacks-ukraine-s-black-sea-ports-and-civilian-ships-kyiv-says.md) | -1.6% | +8.5% |
| BRENT | 2022-03-09 | [Oil falls as investors weigh U.S. import ban](https://feedsoft.ai/events/5778-oil-falls-as-investors-weigh-u-s-import-ban.md) | -21.5% | -18.3% |
| BRENT | 2022-08-24 | [Oil ends higher on U.S. response to Iran nuclear deal comments](https://feedsoft.ai/events/40194-oil-ends-higher-on-u-s-response-to-iran-nuclear-deal-comments.md) | -0.5% | -9.7% |
| BRENT | 2022-08-22 | [Oil pares losses after Saudi oilmin says OPEC+ has options including cuts](https://feedsoft.ai/events/40195-oil-pares-losses-after-saudi-oilmin-says-opec-has-options-including-cuts.md) | +4.6% | -6.4% |

## Sources

- econotimes.com: https://econotimes.com/FXStreet-Puts-WTI-Above-95-as-Iran-Says-U-S-Contacts-Continue-1769391

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