# Oil falls for a fourth day on expectations for lower risk of Iran war escalation

> Oil prices fell for a fourth straight day after Republican losses in the US congressional elections raised expectations of a Democratic Congress constraining Trump's military options. Brent fell about 1% to around $93.65 and WTI to about $87. Sources close to Gulf governments said a full-scale assault on Iran now looks less likely.

- Date: 2026-11-05 · published 2026-11-05T03:07:45.325Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/80985-oil-falls-for-a-fourth-day-on-expectations-for-lower-risk-of-iran-war-escalation
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower perceived war risk removes part of the geopolitical premium from crude, while Strait of Hormuz flows remain constrained and could still tighten supply. Diesel and fuel costs feed into feed-ingredient logistics and processing margins.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-02-02 | [Oil Closes Sharply Lower as Iran Risk Fades \| Rigzone](https://feedsoft.ai/events/8798-oil-closes-sharply-lower-as-iran-risk-fades-rigzone.md) | -1.6% | +9.9% |
| WTI | 2026-02-02 | [Oil Falls 5%, ULSD Tumbles 14% on De-Risking Over Iran](https://feedsoft.ai/events/5923-oil-falls-5-ulsd-tumbles-14-on-de-risking-over-iran.md) | -1.6% | +9.9% |
| WTI | 2026-02-02 | [Oil prices fall nearly 5%, below $62/bbl on US‑Iran de‑escalation - The Economic Times](https://feedsoft.ai/events/8801-oil-prices-fall-nearly-5-below-62-bbl-on-us-iran-de-escalation-the-economic.md) | -1.6% | +9.9% |
| WTI | 2024-04-17 | [Oil prices fall more than 3% as traders discount Iran-Israel war risk](https://feedsoft.ai/events/30931-oil-prices-fall-more-than-3-as-traders-discount-iran-israel-war-risk.md) | -2.3% | -7.9% |
| WTI | 2026-02-01 | [Oil settles down over 4% on US-Iran de-escalation, easing supply worries \| Reuters](https://feedsoft.ai/events/8794-oil-settles-down-over-4-on-us-iran-de-escalation-easing-supply-worries-reuters.md) | -1.6% | +9.9% |
| BRENT | 2026-02-02 | [Oil Closes Sharply Lower as Iran Risk Fades \| Rigzone](https://feedsoft.ai/events/8798-oil-closes-sharply-lower-as-iran-risk-fades-rigzone.md) | -3.1% | +0.6% |
| BRENT | 2026-02-02 | [Oil Falls 5%, ULSD Tumbles 14% on De-Risking Over Iran](https://feedsoft.ai/events/5923-oil-falls-5-ulsd-tumbles-14-on-de-risking-over-iran.md) | -3.1% | +0.6% |
| BRENT | 2026-02-02 | [Oil prices fall nearly 5%, below $62/bbl on US‑Iran de‑escalation - The Economic Times](https://feedsoft.ai/events/8801-oil-prices-fall-nearly-5-below-62-bbl-on-us-iran-de-escalation-the-economic.md) | -3.1% | +0.6% |

## Sources

- au.investing.com: https://au.investing.com/news/commodities-news/oil-falls-for-a-fourth-day-on-expectations-for-lower-risk-of-iran-war-escalation-4745092
- live.euronext.com: https://live.euronext.com/en/financial-news/oil-falls-fourth-day-expectations-lower-risk-iran-war-escalation

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