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Brent and WTI fell on Monday as traders weighed the prospect of a diplomatic resolution to the US-Iran conflict. Trump said further military action was highly unlikely if negotiations made progress, following a sharp weekly decline in crude prices.
Reduced expectations of escalation lower the risk premium in crude, while ongoing regional attacks leave the possibility of supply disruption in the market.
economictimes.indiatimes.comVeer SharmaNov 9, 2026After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.
After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% 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.
