# Oil Slides Below $100 a Barrel, With Focus on Iran Outlook After U.S. Midterms - Update

> Brent fell below $100 a barrel on Friday, with Brent and WTI set for weekly losses of nearly 14%. The selloff followed increased hopes for a diplomatic resolution to the Iran conflict after the US midterm results, while attacks on shipping and the risk of renewed escalation remained concerns.

- Date: 2026-11-06 · published 2026-11-06T12:08:34.679Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/83810-oil-slides-below-100-a-barrel-with-focus-on-iran-outlook-after-u-s-midterms
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The prospect of de-escalation and restored Gulf exports weighs on crude prices, but shipping threats and possible renewed conflict could disrupt supply and limit losses.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-03-23 | [Brent Below $100 on Oil, Fuel Swing; US Cites Iran Talks](https://feedsoft.ai/events/8540-brent-below-100-on-oil-fuel-swing-us-cites-iran-talks.md) | +1.5% | -13.8% |
| BRENT | 2026-04-08 | [The Commodities Feed: Oil slumps below $100 after US, Iran agree to two-week ceasefire \| ING THINK](https://feedsoft.ai/events/10459-the-commodities-feed-oil-slumps-below-100-after-us-iran-agree-to-two-week.md) | -13.7% | -8.7% |
| BRENT | 2026-04-17 | [Oil price drops below $90 a barrel after Iran says strait of Hormuz is open \| Oil \| The Guardian](https://feedsoft.ai/events/8812-oil-price-drops-below-90-a-barrel-after-iran-says-strait-of-hormuz-is-open-oil.md) | +1.3% | +0.6% |
| BRENT | 2026-05-21 | [Oil falls with US-Iran peace talks in focus](https://feedsoft.ai/events/12489-oil-falls-with-us-iran-peace-talks-in-focus.md) | -11.6% | -25.6% |
| BRENT | 2020-01-09 | [Oil Steadies Below $60 in Midst of U.S.-Iran Conflict - Bloomberg](https://feedsoft.ai/events/9661-oil-steadies-below-60-in-midst-of-u-s-iran-conflict-bloomberg.md) | -4.1% | -16.6% |
| WTI | 2026-03-23 | [Brent Below $100 on Oil, Fuel Swing; US Cites Iran Talks](https://feedsoft.ai/events/8540-brent-below-100-on-oil-fuel-swing-us-cites-iran-talks.md) | +2.2% | -8.1% |
| WTI | 2026-04-08 | [The Commodities Feed: Oil slumps below $100 after US, Iran agree to two-week ceasefire \| ING THINK](https://feedsoft.ai/events/10459-the-commodities-feed-oil-slumps-below-100-after-us-iran-agree-to-two-week.md) | -18.9% | -8.3% |
| WTI | 2026-04-17 | [Oil price drops below $90 a barrel after Iran says strait of Hormuz is open \| Oil \| The Guardian](https://feedsoft.ai/events/8812-oil-price-drops-below-90-a-barrel-after-iran-says-strait-of-hormuz-is-open-oil.md) | +2.3% | +7.9% |

## Sources

- in.marketscreener.com: https://in.marketscreener.com/news/oil-slides-below-100-a-barrel-with-focus-on-iran-outlook-after-u-s-midterms-update-ce785fddd08ef323

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