# Oil down more than $7 a barrel in post-settlement trade as Trump signals restraint on Iran

> Brent and WTI futures fell sharply on Monday, with Brent settling down 5.85% at $92.57 a barrel before extending losses in post-settlement trade. The decline followed President Donald Trump saying he was highly unlikely to order fresh attacks on Iran while talks progressed, although shipping incidents near the Strait of Hormuz continued.

- Date: 2026-11-09 · published 2026-11-10T00:08:37.282Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/90321-oil-down-more-than-7-a-barrel-in-post-settlement-trade-as-trump-signals
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Reduced expectations of military escalation ease the risk premium in crude, while continued shipping disruptions leave some supply risk in place. Lower crude prices can reduce fuel and freight costs for feed buyers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-23 | [Oil Prices Fall More Than 10% After Trump Postpones Iran Strikes](https://feedsoft.ai/events/11451-oil-prices-fall-more-than-10-after-trump-postpones-iran-strikes.md) | +2.2% | -8.1% |
| WTI | 2026-03-25 | [Oil price: WTI, Brent fall as Trump signals Iran talks despite Tehran denial](https://feedsoft.ai/events/8155-oil-price-wti-brent-fall-as-trump-signals-iran-talks-despite-tehran-denial.md) | +10.2% | +1.3% |
| WTI | 2024-04-17 | [Oil prices fall more than 3% as traders discount Iran-Israel war risk](https://feedsoft.ai/events/30931-oil-prices-fall-more-than-3-as-traders-discount-iran-israel-war-risk.md) | -2.3% | -7.9% |
| WTI | 2026-04-17 | [Oil prices: Oil tumbles more than 10% as Iran declares Strait of Hormuz open](https://feedsoft.ai/events/8808-oil-prices-oil-tumbles-more-than-10-as-iran-declares-strait-of-hormuz-open.md) | +2.3% | +7.9% |
| WTI | 2025-06-23 | [Oil settles down 7% after Iran attacks US military base in Qatar, not tankers](https://feedsoft.ai/events/9615-oil-settles-down-7-after-iran-attacks-us-military-base-in-qatar-not-tankers.md) | -12.2% | -9.7% |
| BRENT | 2026-03-23 | [Oil Prices Fall More Than 10% After Trump Postpones Iran Strikes](https://feedsoft.ai/events/11451-oil-prices-fall-more-than-10-after-trump-postpones-iran-strikes.md) | +1.5% | -13.8% |
| BRENT | 2026-03-24 | [Traders bet $500 million on oil price just before Trump's post on delay to Iran attack \| Reuters](https://feedsoft.ai/events/8154-traders-bet-500-million-on-oil-price-just-before-trump-s-post-on-delay-to-iran.md) | +15.1% | +0.4% |
| BRENT | 2026-03-25 | [Oil price: WTI, Brent fall as Trump signals Iran talks despite Tehran denial](https://feedsoft.ai/events/8155-oil-price-wti-brent-fall-as-trump-signals-iran-talks-despite-tehran-denial.md) | +15.0% | +1.0% |

## Sources

- live.euronext.com: https://live.euronext.com/en/financial-news/oil-down-more-7-barrel-post-settlement-trade-trump-signals-restraint-iran
- livemint.com: https://www.livemint.com/market/oil-down-more-than-7-a-barrel-in-post-settlement-trade-as-trump-signals-restraint-on-iran-11794254623929.html
- moneycontrol.com: https://www.moneycontrol.com/world/oil-slides-as-trump-signals-restraint-on-iran-despite-fresh-shipping-attacks-article-14075702.html

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