# Oil steadies after Trump signals restraint on Iran, Hormuz risks persist

> Oil prices were little changed after President Donald Trump said new US strikes on Iran were unlikely while negotiations continue. Reports of attacks on ships near the Strait of Hormuz kept supply concerns in focus after Brent’s steep weekly decline.

- Date: 2026-11-09 · published 2026-11-09T06:08:40.407Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/88762-oil-steadies-after-trump-signals-restraint-on-iran-hormuz-risks-persist
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A lower perceived chance of escalation can ease the geopolitical risk premium, while continued disruption around Hormuz may support prices. These opposing forces left prices broadly steady.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-04-05 | [OPEC+ agrees to boost oil output when Strait of Hormuz reopens \| Reuters](https://feedsoft.ai/events/19607-opec-agrees-to-boost-oil-output-when-strait-of-hormuz-reopens-reuters.md) | -13.2% | -7.5% |
| WTI | 2026-06-01 | [OPEC+ announces symbolic oil output rise during Strait of Hormuz closure](https://feedsoft.ai/events/19157-opec-announces-symbolic-oil-output-rise-during-strait-of-hormuz-closure.md) | +3.5% | -20.5% |
| WTI | 2021-06-30 | [Oil steady, traders on sidelines as OPEC+ talks drag on - The Globe and Mail](https://feedsoft.ai/events/46755-oil-steady-traders-on-sidelines-as-opec-talks-drag-on-the-globe-and-mail.md) | -1.2% | -1.0% |
| WTI | 2022-08-24 | [Oil ends higher on U.S. response to Iran nuclear deal comments](https://feedsoft.ai/events/40194-oil-ends-higher-on-u-s-response-to-iran-nuclear-deal-comments.md) | -3.8% | -12.9% |
| WTI | 2019-06-24 | [Commodities Week Ahead: Oil Glued To Trump-Iran Face Off; Gold Watches Fed \| Investing.com](https://feedsoft.ai/events/58512-commodities-week-ahead-oil-glued-to-trump-iran-face-off-gold-watches-fed.md) | +1.6% | -2.4% |
| BRENT | 2026-04-05 | [OPEC+ agrees to boost oil output when Strait of Hormuz reopens \| Reuters](https://feedsoft.ai/events/19607-opec-agrees-to-boost-oil-output-when-strait-of-hormuz-reopens-reuters.md) | -9.7% | -4.1% |
| BRENT | 2026-06-01 | [OPEC+ announces symbolic oil output rise during Strait of Hormuz closure](https://feedsoft.ai/events/19157-opec-announces-symbolic-oil-output-rise-during-strait-of-hormuz-closure.md) | +2.9% | -23.1% |
| BRENT | 2021-06-30 | [Oil steady, traders on sidelines as OPEC+ talks drag on - The Globe and Mail](https://feedsoft.ai/events/46755-oil-steady-traders-on-sidelines-as-opec-talks-drag-on-the-globe-and-mail.md) | +0.1% | -0.5% |

## Sources

- in.marketscreener.com: https://in.marketscreener.com/news/oil-steadies-after-trump-signals-restraint-on-iran-hormuz-risks-persist-ce785fd3d988f42d
- arabnews.com: https://www.arabnews.com/energy/oil-steadies-after-trump-signals-restraint-on-iran-hormuz-risks-persist-3010666
- straitstimes.com: https://www.straitstimes.com/business/oil-steadies-after-trump-signals-restraint-on-iran-hormuz-risks-persist

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