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Brent rose on Friday after gaining nearly 4% in the previous session, though it remained on track for a weekly loss of about 15%. Traders weighed hopes for an end to the war against unresolved differences over the Strait of Hormuz, sanctions and frozen Iranian assets, as well as the possibility of renewed military action.
A peace deal and reopening of the Strait of Hormuz could restore crude supply and weigh on prices, while stalled talks or renewed conflict could disrupt exports and support prices.
moneyweb.co.zaKanoko Matsuyama, Yurii Stasiuk, BloombergNov 6, 2026After 63 past neutral geopolitics events, Crude Oil (Brent) moved a median -0.5% over 5 sessions (44% higher; middle half -4.4% to +2.6%), and -2.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
