# WTI rises to near $96.00 amid US-Iran peace uncertainty

> WTI traded near $96.10 in Asian hours on November 4, extending gains for a second day after falling nearly 7% during the week. Trump said the US had no immediate plans to strike Iran, while Iran's security chief called Washington's response unsatisfactory. Mediators had offered new peace proposals.

- Date: 2026-11-04 · published 2026-11-04T03:07:16.800Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/78982-wti-rises-to-near-96-00-amid-us-iran-peace-uncertainty
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

WTI is rebounding from a weekly low on uncertainty over the peace process, which keeps energy costs elevated for feed and fertiliser. A breakdown in talks would support prices further.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-02-27 | [Crude oil prices today: WTI, Brent rise on Gaza cease-fire uncertainty](https://feedsoft.ai/events/31852-crude-oil-prices-today-wti-brent-rise-on-gaza-cease-fire-uncertainty.md) | +1.5% | +5.2% |
| WTI | 2025-06-19 | [Oil prices up nearly 3% as Israel-Iran conflict escalates, US response remains uncertain](https://feedsoft.ai/events/10996-oil-prices-up-nearly-3-as-israel-iran-conflict-escalates-us-response-remains.md) | -12.7% | -9.6% |
| WTI | 2018-06-27 | [Oil rises on supply losses, US push to isolate Iran](https://feedsoft.ai/events/8779-oil-rises-on-supply-losses-us-push-to-isolate-iran.md) | +0.7% | -4.2% |
| WTI | 2024-10-28 | [Commodities mixed amid Fed uncertainty, global tensions](https://feedsoft.ai/events/27760-commodities-mixed-amid-fed-uncertainty-global-tensions.md) | -3.1% | -0.6% |
| 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% |
| BRENT | 2024-02-27 | [Crude oil prices today: WTI, Brent rise on Gaza cease-fire uncertainty](https://feedsoft.ai/events/31852-crude-oil-prices-today-wti-brent-rise-on-gaza-cease-fire-uncertainty.md) | +1.7% | +3.8% |
| BRENT | 2025-06-19 | [Oil prices up nearly 3% as Israel-Iran conflict escalates, US response remains uncertain](https://feedsoft.ai/events/10996-oil-prices-up-nearly-3-as-israel-iran-conflict-escalates-us-response-remains.md) | -12.2% | -10.9% |
| BRENT | 2018-06-27 | [Oil rises on supply losses, US push to isolate Iran](https://feedsoft.ai/events/8779-oil-rises-on-supply-losses-us-push-to-isolate-iran.md) | +2.5% | -1.9% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/wti-rises-to-near-9600-amid-us-iran-peace-uncertainty-202611040114
- tmgm.com: https://www.tmgm.com/en/analysis/market-news/article/wti-rises-to-near-9600-amid-us-iran-peace-uncertainty-202611040114

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