# Oil Prices Dip Amid US-Iran Talks, But Gulf Crude Surges Over 3%

> Crude futures slipped after Trump said new strikes on Iran were unlikely while talks progress. In contrast, physical Murban crude rose more than 3%, indicating tighter conditions for prompt Gulf barrels amid continued shipping risks.

- Date: 2026-11-09 · published 2026-11-09T06:08:40.746Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/88768-oil-prices-dip-amid-us-iran-talks-but-gulf-crude-surges-over-3
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Diplomatic hopes can weigh on futures by reducing expectations of a wider conflict, while immediate Gulf supply constraints support physical crude premiums. The divergence points to near-term tightness despite weaker futures.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-04-08 | [Brent crude oil prices drop amid Iran war ceasefire \| Trucking Dive](https://feedsoft.ai/events/10141-brent-crude-oil-prices-drop-amid-iran-war-ceasefire-trucking-dive.md) | -13.7% | -8.7% |
| BRENT | 2025-05-27 | [Oil prices ease as US-Iran talks, OPEC+ plans spur supply concerns](https://feedsoft.ai/events/24853-oil-prices-ease-as-us-iran-talks-opec-plans-spur-supply-concerns.md) | +0.8% | +12.0% |
| BRENT | 2026-04-14 | [Oil Down 3% as New US-Iran Talks Seen](https://feedsoft.ai/events/10136-oil-down-3-as-new-us-iran-talks-seen.md) | -10.2% | -5.0% |
| BRENT | 2026-04-13 | [Oil prices fall as supply concerns ease on hopes for US-Iran talks - CNA](https://feedsoft.ai/events/10085-oil-prices-fall-as-supply-concerns-ease-on-hopes-for-us-iran-talks-cna.md) | -11.3% | -3.8% |
| 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% |
| WTI | 2026-04-08 | [Brent crude oil prices drop amid Iran war ceasefire \| Trucking Dive](https://feedsoft.ai/events/10141-brent-crude-oil-prices-drop-amid-iran-war-ceasefire-trucking-dive.md) | -18.9% | -8.3% |
| WTI | 2025-05-27 | [Oil prices ease as US-Iran talks, OPEC+ plans spur supply concerns](https://feedsoft.ai/events/24853-oil-prices-ease-as-us-iran-talks-opec-plans-spur-supply-concerns.md) | +0.9% | +4.3% |
| WTI | 2026-04-14 | [Oil Down 3% as New US-Iran Talks Seen](https://feedsoft.ai/events/10136-oil-down-3-as-new-us-iran-talks-seen.md) | -9.6% | +0.2% |

## Sources

- gulfnews.com: https://gulfnews.com/business/energy/oil-dips-again-on-iran-talks-hopes-but-physical-gulf-crude-climbs-1.500740662

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