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WTI fell nearly 3% on Monday to around $87, near its two-month low, as diplomatic efforts to restart US-Iran negotiations gathered pace. The article also noted continuing regional tensions, including an attack on an Iraqi gas field and Iran’s accusation that the United States struck Qeshm Island.
The prospect of renewed negotiations reduces the immediate risk premium in crude, while ongoing incidents keep the possibility of supply disruption in view. Lower WTI can ease energy costs for feed production and transport.
tmgm.comGuillermo AlcalaNov 9, 2026After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
