# WTI Price Forecast: Clings to modest gains above $96.00 as US-Iran peace hopes cap upside

> WTI traded above $96 on Tuesday, recovering part of the previous session's losses that took it to a two-week low near $94.30. Negotiations between Iran and Qatari mediators have not yet produced a breakthrough, though both sides say talks continue.

- Date: 2026-11-03 · published 2026-11-03T09:08:07.364Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/77347-wti-price-forecast-clings-to-modest-gains-above-96-00-as-us-iran-peace-hopes
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Hopes of a deal to reopen the Strait of Hormuz are capping crude upside, which eases pressure on diesel and fertiliser costs. Any collapse of talks would quickly restore the risk premium.

## Read by commodity

- WTI: neutral

## Sources

- fxstreet.com: https://www.fxstreet.com/news/wti-price-forecast-clings-to-modest-gains-above-9600-as-us-iran-peace-hopes-cap-upside-202611030508
- tmgm.com: https://www.tmgm.com/en/analysis/market-news/article/wti-price-forecast-clings-to-modest-gains-above-9600-as-us-iran-peace-hopes-cap-upside-202611030508
- tmgm.com: https://www.tmgm.com/en-eu/analysis/market-news/article/wti-price-forecast-clings-to-modest-gains-above-9600-as-us-iran-peace-hopes-cap-upside-202611030508

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