# Brent Rebounds 2.4% to $96.86 as Iran Reports Two More Tanker Fires and UKMTO Logs Projectile Strike Off Qatar

> Brent crude rose 2.4% to $96.86 a barrel in early Thursday trading, reversing part of Wednesday's slide, while WTI gained 1.5% to $89.46. Iran's Revolutionary Guard reported two more tanker fires in the Strait of Hormuz, including a tugboat that caught fire while assisting, and UKMTO logged a separate projectile strike on a tanker off Qatar.

- Date: 2026-11-05 · published 2026-11-05T18:07:35.751Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/82078-brent-rebounds-2-4-to-96-86-as-iran-reports-two-more-tanker-fires-and-ukmto
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Renewed attacks on tankers in Hormuz threaten crude and fuel flows already running well below September levels, supporting energy prices and raising diesel and fertilizer input costs for feed producers. The price rebound signals that traders are pricing supply risk back in after earlier peace-hope selloffs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-04-09 | [Dollar struggles to rebound as fragile US-Iran ceasefire keeps markets wary \| Reuters](https://feedsoft.ai/events/11158-dollar-struggles-to-rebound-as-fragile-us-iran-ceasefire-keeps-markets-wary.md) | -2.9% | -4.7% |
| BRENT | 2019-10-11 | [Oil rises 2% after reports of Iranian tanker attack \| Reuters](https://feedsoft.ai/events/56737-oil-rises-2-after-reports-of-iranian-tanker-attack-reuters.md) | +0.9% | +5.7% |
| BRENT | 2026-10-01 | [Brent up 4% as U.S. said to send more troops to Mideast, resume bombing Iran By Investing.com](https://feedsoft.ai/events/9322-brent-up-4-as-u-s-said-to-send-more-troops-to-mideast-resume-bombing-iran-by.md) | +2.6% | +8.8% |
| BRENT | 2024-10-31 | [Oil gains more than $2 after settlement on reports Iran preparing Israel attack](https://feedsoft.ai/events/28023-oil-gains-more-than-2-after-settlement-on-reports-iran-preparing-israel-attack.md) | +3.9% | +0.7% |
| BRENT | 2025-06-23 | [South African rand drops to one-month low after US strikes Iran](https://feedsoft.ai/events/24501-south-african-rand-drops-to-one-month-low-after-us-strikes-iran.md) | -11.9% | -9.9% |
| WTI | 2026-04-09 | [Dollar struggles to rebound as fragile US-Iran ceasefire keeps markets wary \| Reuters](https://feedsoft.ai/events/11158-dollar-struggles-to-rebound-as-fragile-us-iran-ceasefire-keeps-markets-wary.md) | -3.3% | +2.0% |
| WTI | 2019-10-11 | [Oil rises 2% after reports of Iranian tanker attack \| Reuters](https://feedsoft.ai/events/56737-oil-rises-2-after-reports-of-iranian-tanker-attack-reuters.md) | +0.6% | +6.4% |
| WTI | 2026-10-01 | [Brent up 4% as U.S. said to send more troops to Mideast, resume bombing Iran By Investing.com](https://feedsoft.ai/events/9322-brent-up-4-as-u-s-said-to-send-more-troops-to-mideast-resume-bombing-iran-by.md) | -2.3% | +8.7% |

## Sources

- oilauthority.com: https://oilauthority.com/news/brent-96-86-rebound-iran-tanker-fires-ukmto-qatar-projectile-strike

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