# Oil prices pare losses as Hormuz, Houthi tensions persist

> Oil prices recovered from early losses after reports that no ships transited the Strait of Hormuz on Sunday and tensions between Saudi Arabia and Yemen’s Houthis persisted. Prices had initially fallen after Trump said further US strikes on Iran were highly unlikely while talks progress.

- Date: 2026-11-09 · published 2026-11-09T06:08:40.690Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/88767-oil-prices-pare-losses-as-hormuz-houthi-tensions-persist
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Potentially constrained Hormuz traffic and continued regional hostilities sustain a supply-risk premium and supported the intraday recovery. Hopes for de-escalation remain a counterweight to prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-04-15 | [Bullish forecast for oil prices as Middle East tensions rise](https://feedsoft.ai/events/65725-bullish-forecast-for-oil-prices-as-middle-east-tensions-rise.md) | +1.4% | +4.9% |
| WTI | 2024-10-04 | [What's next for oil, gas prices as Middle East tensions heat up? \| AP News](https://feedsoft.ai/events/12042-what-s-next-for-oil-gas-prices-as-middle-east-tensions-heat-up-ap-news.md) | +2.9% | -6.3% |
| WTI | 2026-04-29 | [Crude oil price near three-week high as UAE leaves OPEC; Strait of Hormuz disruption, US-Iran tension persist \| Stock Market News](https://feedsoft.ai/events/19903-crude-oil-price-near-three-week-high-as-uae-leaves-opec-strait-of-hormuz.md) | +2.2% | -10.9% |
| WTI | 2026-03-02 | [Oil prices soar amid Strait of Hormuz fears as Iran war intensifies](https://feedsoft.ai/events/12016-oil-prices-soar-amid-strait-of-hormuz-fears-as-iran-war-intensifies.md) | +35.6% | +50.4% |
| WTI | 2025-06-11 | [Oil prices jumps 4% to 2-month high as tensions rise in Middle East \| Reuters](https://feedsoft.ai/events/11156-oil-prices-jumps-4-to-2-month-high-as-tensions-rise-in-middle-east-reuters.md) | +15.2% | +5.8% |
| BRENT | 2018-04-15 | [Bullish forecast for oil prices as Middle East tensions rise](https://feedsoft.ai/events/65725-bullish-forecast-for-oil-prices-as-middle-east-tensions-rise.md) | +2.0% | +6.0% |
| BRENT | 2024-10-04 | [What's next for oil, gas prices as Middle East tensions heat up? \| AP News](https://feedsoft.ai/events/12042-what-s-next-for-oil-gas-prices-as-middle-east-tensions-heat-up-ap-news.md) | +2.4% | -5.7% |
| BRENT | 2026-04-29 | [Crude oil price near three-week high as UAE leaves OPEC; Strait of Hormuz disruption, US-Iran tension persist \| Stock Market News](https://feedsoft.ai/events/19903-crude-oil-price-near-three-week-high-as-uae-leaves-opec-strait-of-hormuz.md) | -1.9% | -16.4% |

## Sources

- au.investing.com: https://au.investing.com/news/commodities-news/oil-prices-dip-as-trump-says-new-iran-attacks-unlikely-if-talks-progress-4753728
- ph.investing.com: https://ph.investing.com/news/commodities-news/oil-prices-dip-as-trump-says-new-iran-attacks-unlikely-if-talks-progress-2684635
- za.investing.com: https://za.investing.com/news/commodities-news/oil-prices-dip-as-trump-says-new-iran-attacks-unlikely-if-talks-progress-4560249

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