# Oil nears $100 despite biggest weekly fall since April as Trump’s Iran remarks weigh

> Oil steadied on Friday and Brent approached $100 after a volatile week, but both benchmarks remained on course for their largest weekly losses since April. Traders had lowered prices on expectations of U.S.-Iran de-escalation and a possible reopening of the Strait of Hormuz, while weighing President Donald Trump’s comments on Iran’s nuclear program and possible further action.

- Date: 2026-11-06 · published 2026-11-06T06:08:02.174Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/83380-oil-nears-100-despite-biggest-weekly-fall-since-april-as-trump-s-iran-remarks
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A potential reopening of the Strait of Hormuz could restore shipments and reduce logistics costs, putting downward pressure on crude; renewed hostilities could reverse that pressure.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-05-29 | [Oil Sees Biggest Weekly Loss Since April on Iran Deal Talk](https://feedsoft.ai/events/12490-oil-sees-biggest-weekly-loss-since-april-on-iran-deal-talk.md) | +2.5% | -21.2% |
| BRENT | 2026-03-25 | [Oil price: WTI, Brent fall as Trump signals Iran talks despite Tehran denial](https://feedsoft.ai/events/8155-oil-price-wti-brent-fall-as-trump-signals-iran-talks-despite-tehran-denial.md) | +15.0% | +1.0% |
| BRENT | 2022-03-11 | [Oil settles up but posts biggest weekly decline since Nov \| Reuters](https://feedsoft.ai/events/5783-oil-settles-up-but-posts-biggest-weekly-decline-since-nov-reuters.md) | -1.7% | -10.5% |
| BRENT | 2026-03-25 | [Oil Drops Near $102 as Traders Weigh Outlook for US-Iran Truce \| Financial Post](https://feedsoft.ai/events/8156-oil-drops-near-102-as-traders-weigh-outlook-for-us-iran-truce-financial-post.md) | +15.0% | +1.0% |
| BRENT | 2026-05-29 | [Oil prices log steepest weekly loss since April on potential US-Iran peace deal \| The National](https://feedsoft.ai/events/12723-oil-prices-log-steepest-weekly-loss-since-april-on-potential-us-iran-peace-deal.md) | +2.5% | -21.2% |
| WTI | 2026-05-29 | [Oil Sees Biggest Weekly Loss Since April on Iran Deal Talk](https://feedsoft.ai/events/12490-oil-sees-biggest-weekly-loss-since-april-on-iran-deal-talk.md) | +4.6% | -23.5% |
| WTI | 2026-03-25 | [Oil price: WTI, Brent fall as Trump signals Iran talks despite Tehran denial](https://feedsoft.ai/events/8155-oil-price-wti-brent-fall-as-trump-signals-iran-talks-despite-tehran-denial.md) | +10.2% | +1.3% |
| WTI | 2022-03-11 | [Oil settles up but posts biggest weekly decline since Nov \| Reuters](https://feedsoft.ai/events/5783-oil-settles-up-but-posts-biggest-weekly-decline-since-nov-reuters.md) | -2.8% | -9.4% |

## Sources

- cnbctv18.com: https://www.cnbctv18.com/market/commodities/crude-oil-prices-brent-biggest-weekly-loss-since-april-us-iran-war-de-escalation-strait-of-hormuz-west-asia-20028438.htm

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