# Oil rebounds from two-month low as uncertainty lingers over Iran war

> Oil prices rebounded on Thursday, with Brent up 2.47% to $96.96 per barrel after touching a two-month low and WTI also gaining. A tanker struck a mine east of the Strait of Hormuz, while the absence of a US-Iran peace agreement and continued weakness in refined-fuel supplies left the market exposed to volatility.

- Date: 2026-11-05 · published 2026-11-06T00:08:09.293Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/82701-oil-rebounds-from-two-month-low-as-uncertainty-lingers-over-iran-war
- 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

Tanker risks threaten dependable crude shipments, while the slow recovery in refined-product flows keeps fuel supply tight and supports prices. These energy costs can feed through to agricultural production and transport expenses.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-06-16 | [Oil rebounds as new Iran sanctions fuel more supply concerns](https://feedsoft.ai/events/41115-oil-rebounds-as-new-iran-sanctions-fuel-more-supply-concerns.md) | -6.6% | -15.1% |
| BRENT | 2018-03-13 | [Tillerson's firing injects uncertainty into oil markets](https://feedsoft.ai/events/66169-tillerson-s-firing-injects-uncertainty-into-oil-markets.md) | +1.1% | +9.4% |
| BRENT | 2025-03-24 | [Crude Oil Rallies on Tougher Iranian Sanctions and OPEC+ Uncertainty \| Investing.com AU](https://feedsoft.ai/events/25752-crude-oil-rallies-on-tougher-iranian-sanctions-and-opec-uncertainty-investing.md) | +2.4% | -6.4% |
| BRENT | 2026-06-10 | [Brazilian Real Holds Near Two-Month Low](https://feedsoft.ai/events/12076-brazilian-real-holds-near-two-month-low.md) | -14.1% | -21.4% |
| 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% |
| WTI | 2022-06-16 | [Oil rebounds as new Iran sanctions fuel more supply concerns](https://feedsoft.ai/events/41115-oil-rebounds-as-new-iran-sanctions-fuel-more-supply-concerns.md) | -8.7% | -14.2% |
| WTI | 2018-03-13 | [Tillerson's firing injects uncertainty into oil markets](https://feedsoft.ai/events/66169-tillerson-s-firing-injects-uncertainty-into-oil-markets.md) | +1.1% | +6.7% |
| WTI | 2025-03-24 | [Crude Oil Rallies on Tougher Iranian Sanctions and OPEC+ Uncertainty \| Investing.com AU](https://feedsoft.ai/events/25752-crude-oil-rallies-on-tougher-iranian-sanctions-and-opec-uncertainty-investing.md) | +1.7% | -7.4% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/energy/2026/11/05/oil-rebounds-from-two-month-low-as-uncertainty-lingers-over-iran-war/

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