# WTI falls to near $89.50 as Trump hints at reduced US-Iran tension

> WTI fell to around $89.60 after President Donald Trump said further US strikes on Iran were highly unlikely if negotiations make progress. Iraq also said it had reached understandings with the United States to resume oil exports through the Strait of Hormuz, while US officials cautioned that Iran’s negotiating demands remain unacceptable.

- Date: 2026-11-09 · published 2026-11-09T03:08:18.194Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/88509-wti-falls-to-near-89-50-as-trump-hints-at-reduced-us-iran-tension
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Reduced expectations of military escalation and the prospect of renewed flows through Hormuz ease concerns about supply disruption, putting downward pressure on crude prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2026-10-29 | [Oil falls as efforts to revive US-Iran talks ease supply concerns](https://feedsoft.ai/events/1443-oil-falls-as-efforts-to-revive-us-iran-talks-ease-supply-concerns.md) | -2.3% | — |
| WTI | 2026-04-08 | [USD: Dollar Falls as US-Iran Ceasefire Reduces Demand for Haven Currencies - Bloomberg](https://feedsoft.ai/events/11157-usd-dollar-falls-as-us-iran-ceasefire-reduces-demand-for-haven-currencies.md) | -18.9% | -8.3% |
| WTI | 2018-07-11 | [Crude oil falls after US softens stance on Iranian sanction waivers - The HinduBusinessLine](https://feedsoft.ai/events/10097-crude-oil-falls-after-us-softens-stance-on-iranian-sanction-waivers-the.md) | -8.2% | -6.7% |
| WTI | 2026-10-29 | [Brent crude falls below $115, WTI near $101 as US-Iran peace hopes offset fears of growing Middle East conflict](https://feedsoft.ai/events/254-brent-crude-falls-below-115-wti-near-101-as-us-iran-peace-hopes-offset-fears-of.md) | -2.3% | — |
| 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 | 2026-10-29 | [Oil falls as efforts to revive US-Iran talks ease supply concerns](https://feedsoft.ai/events/1443-oil-falls-as-efforts-to-revive-us-iran-talks-ease-supply-concerns.md) | -5.4% | — |
| BRENT | 2026-04-08 | [USD: Dollar Falls as US-Iran Ceasefire Reduces Demand for Haven Currencies - Bloomberg](https://feedsoft.ai/events/11157-usd-dollar-falls-as-us-iran-ceasefire-reduces-demand-for-haven-currencies.md) | -13.7% | -8.7% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/wti-falls-to-near-8950-as-trump-hints-at-reduced-us-iran-tension-202611090048

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