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Brent rose 2.5% to $100.49 after reports that U.S.-Iran negotiations had stalled, while WTI traded at $92.57. The report said uncertainty increased after U.S. Secretary of State Marco Rubio called on the Iranian delegation to leave the country.
A breakdown in talks raises the risk of disruption to oil supplies, supporting crude prices. Higher energy costs can increase fuel and freight expenses for feed supply chains.
ilkha.comECONOMYNov 7, 2026After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% 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.
