# Crude slides toward $93, WTI drops to $87 as Trump rules out immediate Iran strikes

> Brent slid toward $93 to reach its lowest level in about two months after Trump said the US has no immediate plans to strike Iran. Qatar has stepped up mediation. Iranian officials said the two sides remain far from an agreement.

- Date: 2026-11-05 · published 2026-11-05T03:07:45.784Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/80991-crude-slides-toward-93-wti-drops-to-87-as-trump-rules-out-immediate-iran-strikes
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Removing the near-term strike threat cuts the escalation premium, but Iran's stance means supply disruption risk persists. Energy-linked feed and freight costs may stay volatile.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-03-23 | [Brent Oil Futures Drop 14% After Trump Delays Strikes on Iran - Bloomberg](https://feedsoft.ai/events/8152-brent-oil-futures-drop-14-after-trump-delays-strikes-on-iran-bloomberg.md) | +1.5% | -13.8% |
| BRENT | 2019-06-22 | [Trump says he aborted retaliatory strike to spare Iranian lives](https://feedsoft.ai/events/12318-trump-says-he-aborted-retaliatory-strike-to-spare-iranian-lives.md) | +2.2% | -5.9% |
| BRENT | 2026-04-08 | [Brent crude oil prices drop amid Iran war ceasefire \| Trucking Dive](https://feedsoft.ai/events/10141-brent-crude-oil-prices-drop-amid-iran-war-ceasefire-trucking-dive.md) | -13.7% | -8.7% |
| BRENT | 2026-03-23 | [Oil sinks after Trump postpones strikes on Iranian plants](https://feedsoft.ai/events/8157-oil-sinks-after-trump-postpones-strikes-on-iranian-plants.md) | +1.5% | -13.8% |
| BRENT | 2026-03-24 | [Oil prices drop 2% as Iran considers US proposal to end war \| Reuters](https://feedsoft.ai/events/8151-oil-prices-drop-2-as-iran-considers-us-proposal-to-end-war-reuters.md) | +15.1% | +0.4% |
| WTI | 2026-03-23 | [Brent Oil Futures Drop 14% After Trump Delays Strikes on Iran - Bloomberg](https://feedsoft.ai/events/8152-brent-oil-futures-drop-14-after-trump-delays-strikes-on-iran-bloomberg.md) | +2.2% | -8.1% |
| WTI | 2019-06-22 | [Trump says he aborted retaliatory strike to spare Iranian lives](https://feedsoft.ai/events/12318-trump-says-he-aborted-retaliatory-strike-to-spare-iranian-lives.md) | +1.6% | -2.4% |
| WTI | 2026-04-08 | [Brent crude oil prices drop amid Iran war ceasefire \| Trucking Dive](https://feedsoft.ai/events/10141-brent-crude-oil-prices-drop-amid-iran-war-ceasefire-trucking-dive.md) | -18.9% | -8.3% |

## Sources

- gulfnews.com: https://gulfnews.com/business/energy/crude-slides-toward-93-wti-drops-to-87-as-trump-rules-out-immediate-iran-strikes-1.500736498

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