# Oil prices: Brent and WTI rise after US strike on Iran island

> Brent rose 48 cents to $105.25 and WTI rose 47 cents to $96.93 by early Tuesday morning GMT, after reports of a US strike on Iran's Qeshm Island. The move followed the prior session's sharp decline.

- Date: 2026-11-03 · published 2026-11-03T06:07:16.086Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/77053-oil-prices-brent-and-wti-rise-after-us-strike-on-iran-island
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The strike report revives Middle East supply risk, supporting crude and the energy costs that feed into feed logistics and fertilizer production.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-08-31 | [Brent nears $90 after US-Iran strikes: Why is crude oil price rising?](https://feedsoft.ai/events/18055-brent-nears-90-after-us-iran-strikes-why-is-crude-oil-price-rising.md) | +9.6% | +4.0% |
| WTI | 2025-06-13 | [Oil prices surge after Israel's strike on Iran \| CBC News](https://feedsoft.ai/events/10997-oil-prices-surge-after-israel-s-strike-on-iran-cbc-news.md) | +10.2% | +1.1% |
| WTI | 2026-03-02 | [Diesel and Gasoline Prices Rise on Iran Strikes - TT](https://feedsoft.ai/events/8776-diesel-and-gasoline-prices-rise-on-iran-strikes-tt.md) | +35.6% | +50.4% |
| WTI | 2024-04-12 | [Crude oil prices today: WTI, Brent rise as Israel braces for Iran attack](https://feedsoft.ai/events/30930-crude-oil-prices-today-wti-brent-rise-as-israel-braces-for-iran-attack.md) | -2.7% | -6.1% |
| WTI | 2023-10-09 | [Brent, WTI prices jump after Hamas attack on Israel](https://feedsoft.ai/events/9279-brent-wti-prices-jump-after-hamas-attack-on-israel.md) | +5.9% | -2.2% |
| BRENT | 2026-08-31 | [Brent nears $90 after US-Iran strikes: Why is crude oil price rising?](https://feedsoft.ai/events/18055-brent-nears-90-after-us-iran-strikes-why-is-crude-oil-price-rising.md) | +10.8% | +22.9% |
| BRENT | 2025-06-13 | [Oil prices surge after Israel's strike on Iran \| CBC News](https://feedsoft.ai/events/10997-oil-prices-surge-after-israel-s-strike-on-iran-cbc-news.md) | +12.0% | -0.8% |
| BRENT | 2026-03-02 | [Diesel and Gasoline Prices Rise on Iran Strikes - TT](https://feedsoft.ai/events/8776-diesel-and-gasoline-prices-rise-on-iran-strikes-tt.md) | +31.0% | +62.6% |

## Sources

- deccanherald.com: https://www.deccanherald.com/world/rest-of-world/oil-rises-after-report-of-us-strike-on-irans-qeshm-island-4205212
- ibtimes.com.au: https://www.ibtimes.com.au/oil-prices-rebound-qeshm-island-strait-hormuz-1877838
- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/commodities/crude-oil-price-gain-amid-reports-of-us-attacks-on-iranian-island/article71659403.ece
- ttnews.com: https://www.ttnews.com/articles/oil-prices-us-attacks-iran

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