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Brent and WTI edged lower on Tuesday after Trump said fresh military action against Iran was not necessary for now. He said the US would maintain its naval blockade in the Strait of Hormuz, where attacks on shipping were continuing.
A pause in strikes eases immediate fears of a wider conflict and lowers crude's risk premium. The ongoing blockade and shipping attacks still pose a risk to supply flows and could temper price declines.
timesofindia.indiatimes.comYashasvi VasisthaNov 10, 2026After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.
After 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.
