# Oil Rises as Peace Prospects Dim after US Hits Iran's Qeshm Island

> Oil rose more than $1 on Tuesday after the US struck Iran's Qeshm Island and an Iranian official said a deal to end the war was far off. WTI was up about 1.7% near $98 and Brent about 1.8% near $106.61.

- Date: 2026-11-03 · published 2026-11-03T09:08:14.948Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/77352-oil-rises-as-peace-prospects-dim-after-us-hits-iran-s-qeshm-island
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Dimmer peace prospects restore risk premium in crude, raising diesel and energy costs that feed into feed milling and freight.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-05-09 | [Oil jumps to highest since 2014 after US quits Iran deal](https://feedsoft.ai/events/65180-oil-jumps-to-highest-since-2014-after-us-quits-iran-deal.md) | +3.5% | -6.0% |
| WTI | 2026-05-21 | [US oil prices rise as investors doubt breakthrough in US-Iran peace talks \| Reuters](https://feedsoft.ai/events/19427-us-oil-prices-rise-as-investors-doubt-breakthrough-in-us-iran-peace-talks.md) | -9.1% | -21.3% |
| WTI | 2026-07-29 | [Oil rises as US-Iran tension escalates after Iraq strikes, missile attack](https://feedsoft.ai/events/18524-oil-rises-as-us-iran-tension-escalates-after-iraq-strikes-missile-attack.md) | -4.4% | +3.8% |
| 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 | 2025-03-20 | [Oil prices settle $1 higher after US issues new Iran-related sanctions](https://feedsoft.ai/events/25757-oil-prices-settle-1-higher-after-us-issues-new-iran-related-sanctions.md) | +3.9% | -6.8% |
| BRENT | 2018-05-09 | [Oil jumps to highest since 2014 after US quits Iran deal](https://feedsoft.ai/events/65180-oil-jumps-to-highest-since-2014-after-us-quits-iran-deal.md) | +5.6% | -0.3% |
| BRENT | 2026-05-21 | [US oil prices rise as investors doubt breakthrough in US-Iran peace talks \| Reuters](https://feedsoft.ai/events/19427-us-oil-prices-rise-as-investors-doubt-breakthrough-in-us-iran-peace-talks.md) | -11.6% | -25.6% |
| BRENT | 2026-07-29 | [Oil rises as US-Iran tension escalates after Iraq strikes, missile attack](https://feedsoft.ai/events/18524-oil-rises-as-us-iran-tension-escalates-after-iraq-strikes-missile-attack.md) | -2.3% | +4.3% |

## Sources

- english.aawsat.com: https://english.aawsat.com/business/5336964-oil-rises-peace-prospects-dim-after-us-hits-irans-qeshm-island
- live.euronext.com: https://live.euronext.com/en/financial-news/oil-rises-peace-prospects-dim-after-us-hits-irans-qeshm-island
- arabnews.com: https://www.arabnews.com/energy/oil-rises-as-peace-prospects-dim-after-us-hits-irans-qeshm-island-3009556
- centraloregondaily.com: https://www.centraloregondaily.com/news/consumer/oil-rises-as-peace-prospects-dim-after-us-hits-irans-qeshm-island/article_fb735ac6-1ebb-585c-8284-af7d770292d0.html

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