# ZAWYA: Oman crude prices drop as Brent tumbles 17% last week

> Oman crude prices edged down as Brent recorded a steep weekly decline amid expectations of US-Iran de-escalation and a recovery in oil flows through the Strait of Hormuz. Gulf crude exports through the strait averaged 10.3 million barrels per day in October, compared with virtually no exports in the first month of the war, excluding Iranian shipments.

- Date: 2026-11-10 · published 2026-11-10T09:10:59.411Z
- Category: geopolitics · region Strait of Hormuz · magnitude medium
- Page: https://feedsoft.ai/events/91506-zawya-oman-crude-prices-drop-as-brent-tumbles-17-last-week
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Recovering Gulf shipments alongside constrained demand raises the prospect of a crude surplus, putting downward pressure on oil prices and potentially lowering energy-related costs for feed supply chains.

## 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 | 2018-07-11 | [Brent crude suffers biggest price drop in two years](https://feedsoft.ai/events/10093-brent-crude-suffers-biggest-price-drop-in-two-years.md) | -8.7% | -6.2% |
| BRENT | 2026-05-05 | [Oil Prices Tumble Over 3% as Risk Sentiment Shifts and Demand Concerns Weigh on WTI and Brent](https://feedsoft.ai/events/9585-oil-prices-tumble-over-3-as-risk-sentiment-shifts-and-demand-concerns-weigh-on.md) | -9.6% | -16.4% |
| BRENT | 2024-11-26 | [​Brent crude oil, silver and wheat prices drop on Middle East de-escalation​ \| Levels to Watch \| IG International](https://feedsoft.ai/events/11779-brent-crude-oil-silver-and-wheat-prices-drop-on-middle-east-de-escalation.md) | -1.8% | -1.7% |
| 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 | 2018-07-11 | [Brent crude suffers biggest price drop in two years](https://feedsoft.ai/events/10093-brent-crude-suffers-biggest-price-drop-in-two-years.md) | -8.2% | -6.7% |
| WTI | 2026-05-05 | [Oil Prices Tumble Over 3% as Risk Sentiment Shifts and Demand Concerns Weigh on WTI and Brent](https://feedsoft.ai/events/9585-oil-prices-tumble-over-3-as-risk-sentiment-shifts-and-demand-concerns-weigh-on.md) | -7.6% | -11.4% |

## Sources

- tradingview.com: https://www.tradingview.com/news/reuters.com,2026-11-10:newsml_Zaw4L1pYp:0-zawya-oman-crude-prices-drop-as-brent-tumbles-17-last-week/

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