# Oil Prices Rise as Trump Weighs Iran Peace Deal, Fresh Strikes

> Brent and WTI rose slightly on Friday, but both recorded their steepest weekly percentage declines since the start of the COVID pandemic. Hopes for de-escalation and increased regional exports supported the weekly selloff, while renewed tanker attacks and the possibility of further US strikes on Iran kept supply risks in focus.

- Date: 2026-11-07 · published 2026-11-07T09:08:42.680Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/85778-oil-prices-rise-as-trump-weighs-iran-peace-deal-fresh-strikes
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A peace deal could restore regional exports and pressure crude prices, whereas further attacks or shipping disruption could tighten supply and push them higher.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-06-16 | [European oil products rise further amid fresh Israel-Iran strikes](https://feedsoft.ai/events/8386-european-oil-products-rise-further-amid-fresh-israel-iran-strikes.md) | +3.7% | -5.2% |
| BRENT | 2026-08-31 | [Oil prices jump 4% as fresh US-Iran fighting stokes supply fears](https://feedsoft.ai/events/18067-oil-prices-jump-4-as-fresh-us-iran-fighting-stokes-supply-fears.md) | +10.8% | +22.9% |
| BRENT | 2026-04-02 | [Oil prices jump and shares drop after Trump threatens more Iran strikes](https://feedsoft.ai/events/12922-oil-prices-jump-and-shares-drop-after-trump-threatens-more-iran-strikes.md) | -2.8% | +8.2% |
| BRENT | 2026-03-02 | [Diesel and Gasoline Prices Rise on Iran Strikes - TT](https://feedsoft.ai/events/8776-diesel-and-gasoline-prices-rise-on-iran-strikes-tt.md) | +31.0% | +62.6% |
| BRENT | 2026-05-21 | [US oil prices rise as investors doubt breakthrough in US-Iran peace talks \| Reuters](https://feedsoft.ai/events/19427-us-oil-prices-rise-as-investors-doubt-breakthrough-in-us-iran-peace-talks.md) | -11.6% | -25.6% |
| WTI | 2026-08-31 | [Oil prices jump 4% as fresh US-Iran fighting stokes supply fears](https://feedsoft.ai/events/18067-oil-prices-jump-4-as-fresh-us-iran-fighting-stokes-supply-fears.md) | +9.6% | +4.0% |
| WTI | 2026-04-02 | [Oil prices jump and shares drop after Trump threatens more Iran strikes](https://feedsoft.ai/events/12922-oil-prices-jump-and-shares-drop-after-trump-threatens-more-iran-strikes.md) | -2.2% | +6.1% |
| WTI | 2026-03-02 | [Diesel and Gasoline Prices Rise on Iran Strikes - TT](https://feedsoft.ai/events/8776-diesel-and-gasoline-prices-rise-on-iran-strikes-tt.md) | +35.6% | +50.4% |

## Sources

- businesspost.ng: https://businesspost.ng/economy/oil-prices-rise-as-trump-weighs-iran-peace-deal-fresh-strikes/

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