# UPDATE 6-Crude gains on worries about renewed US attacks on Iran

> Brent and WTI edged higher late Friday as Trump said he would soon decide whether to pursue a peace agreement with Iran or take further military action. Despite the small daily gains, Brent was on track for a 17% weekly decline, with analysts citing reduced war premiums and signs of oversupply amid demand destruction.

- Date: 2026-11-09 · published 2026-11-09T03:08:18.460Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/88513-update-6-crude-gains-on-worries-about-renewed-us-attacks-on-iran
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Renewed attack concerns can add a geopolitical risk premium, but rising supply relative to demand and the large weekly fall point to broader bearish pressure on crude.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-02-01 | [Oil settles down over 4% on US-Iran de-escalation, easing supply worries \| Reuters](https://feedsoft.ai/events/8794-oil-settles-down-over-4-on-us-iran-de-escalation-easing-supply-worries-reuters.md) | -3.1% | +0.6% |
| BRENT | 2020-01-08 | [Oil Prices Drop Sharply as Worry Over Iran Attacks Fades](https://feedsoft.ai/events/9663-oil-prices-drop-sharply-as-worry-over-iran-attacks-fades.md) | -5.9% | -21.3% |
| BRENT | 2026-05-06 | [Brent Crude Price: Oil and gas plunge after report US and Iran near deal to end war](https://feedsoft.ai/events/9582-brent-crude-price-oil-and-gas-plunge-after-report-us-and-iran-near-deal-to-end.md) | -2.3% | -11.1% |
| BRENT | 2020-01-08 | [Oil dives as U.S., Iran tensions ease and on U.S. crude build](https://feedsoft.ai/events/9656-oil-dives-as-u-s-iran-tensions-ease-and-on-u-s-crude-build.md) | -5.9% | -21.3% |
| BRENT | 2026-05-27 | [Oil settles 5% lower as investors await updates on US-Iran peace deal talks \| Reuters](https://feedsoft.ai/events/12486-oil-settles-5-lower-as-investors-await-updates-on-us-iran-peace-deal-talks.md) | -3.9% | -24.5% |
| WTI | 2026-02-01 | [Oil settles down over 4% on US-Iran de-escalation, easing supply worries \| Reuters](https://feedsoft.ai/events/8794-oil-settles-down-over-4-on-us-iran-de-escalation-easing-supply-worries-reuters.md) | -1.6% | +9.9% |
| WTI | 2020-01-08 | [Oil Prices Drop Sharply as Worry Over Iran Attacks Fades](https://feedsoft.ai/events/9663-oil-prices-drop-sharply-as-worry-over-iran-attacks-fades.md) | -7.0% | -18.9% |
| WTI | 2026-05-06 | [Brent Crude Price: Oil and gas plunge after report US and Iran near deal to end war](https://feedsoft.ai/events/9582-brent-crude-price-oil-and-gas-plunge-after-report-us-and-iran-near-deal-to-end.md) | +0.0% | -5.8% |

## Sources

- wealthinsights.metrobank.com.ph: https://wealthinsights.metrobank.com.ph/news/update-6-crude-gains-on-worries-about-renewed-us-attacks-on-iran

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