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Brent fell about 3% to $100.60 and WTI to $93.23 as traders priced in a US-Iran settlement. Iran reportedly said Hormuz could reopen within two days if demands were met.
Trump said there were no immediate plans to strike Iran.
A possible Hormuz reopening would ease crude and diesel costs, though analysts note the market still has a surplus and supply risks remain.
oilprice.comCharles KennedyNov 4, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
