# WTI OIl extends losses nearing $87.00 amid efforts to resume US-Iran negotiations

> WTI fell nearly 3% on Monday to around $87 a barrel as diplomatic efforts to restart US-Iran negotiations intensified. Regional tensions persisted, including an attack on an Iraqi gas field and Iran’s accusation that the United States struck Qeshm Island.

- Date: 2026-11-09 · published 2026-11-10T00:22:00.120Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/90465-wti-oil-extends-losses-nearing-87-00-amid-efforts-to-resume-us-iran-negotiations
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The prospect of renewed negotiations and a possible end to hostilities reduces the perceived risk of prolonged oil-supply disruption, weighing on crude prices.

## Read by commodity

- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-10-29 | [Oil falls as efforts to revive US-Iran talks ease supply concerns](https://feedsoft.ai/events/1443-oil-falls-as-efforts-to-revive-us-iran-talks-ease-supply-concerns.md) | -2.3% | — |
| WTI | 2026-10-01 | [CPO Futures Extend Losses Amid Weaker Crude Oil Prices](https://feedsoft.ai/events/9799-cpo-futures-extend-losses-amid-weaker-crude-oil-prices.md) | -2.3% | +8.7% |
| WTI | 2026-05-05 | [Oil prices slide on reports US and Iran are nearing peace agreement \| Reuters](https://feedsoft.ai/events/9579-oil-prices-slide-on-reports-us-and-iran-are-nearing-peace-agreement-reuters.md) | -7.6% | -11.4% |
| WTI | 2026-05-24 | [Oil tumbles nearly 7% as US and Iran seen moving closer to deal \| Reuters](https://feedsoft.ai/events/12722-oil-tumbles-nearly-7-as-us-and-iran-seen-moving-closer-to-deal-reuters.md) | -4.4% | -25.2% |
| WTI | 2026-04-08 | [WTI at $94 as Oil Tumbles Amid Tenuous Iran Ceasefire](https://feedsoft.ai/events/6902-wti-at-94-as-oil-tumbles-amid-tenuous-iran-ceasefire.md) | -18.9% | -8.3% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/wti-oil-extends-losses-nearing-8700-amid-efforts-to-resume-us-iran-negotiations-202611091233

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