# The Commodities Feed: Oil slides on easing Middle East tensions

> Brent fell below $92/bbl and WTI traded near $86/bbl as markets priced in lower risk of further US-Iran escalation. Recovering Gulf oil flows and reports that Iran may soften its position on control of the Strait of Hormuz added to the pressure; China’s crude imports rose 13% month-on-month in October.

- Date: 2026-11-10 · published 2026-11-10T09:11:17.127Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/91507-the-commodities-feed-oil-slides-on-easing-middle-east-tensions
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Reduced disruption risk and recovering exports add supply to the market, unwinding geopolitical premiums and weighing on oil and gas prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-06-30 | [Oil prices fall on easing Middle East risks](https://feedsoft.ai/events/24130-oil-prices-fall-on-easing-middle-east-risks.md) | +2.0% | -0.5% |
| WTI | 2019-04-29 | [The Commodities Feed: Trump demands & Russian oil \| snaps \| ING THINK](https://feedsoft.ai/events/7601-the-commodities-feed-trump-demands-and-russian-oil-snaps-ing-think.md) | -2.1% | -7.6% |
| WTI | 2022-03-10 | [The Commodities Feed: Sell-off across the complex \| ING THINK](https://feedsoft.ai/events/4722-the-commodities-feed-sell-off-across-the-complex-ing-think.md) | -12.7% | -11.4% |
| WTI | 2026-07-27 | [The Commodities Feed: Oil slumps as the US and Iran pause strikes \| articles \| ING THINK](https://feedsoft.ai/events/8281-the-commodities-feed-oil-slumps-as-the-us-and-iran-pause-strikes-articles-ing.md) | -5.8% | -4.1% |
| WTI | 2025-08-13 | [The Commodities Feed: Oil in wait-and-see mode ahead of Trump Vs. Putin \| articles \| ING THINK](https://feedsoft.ai/events/23271-the-commodities-feed-oil-in-wait-and-see-mode-ahead-of-trump-vs-putin-articles.md) | -1.3% | +0.0% |
| BRENT | 2025-06-30 | [Oil prices fall on easing Middle East risks](https://feedsoft.ai/events/24130-oil-prices-fall-on-easing-middle-east-risks.md) | +1.6% | +0.4% |
| BRENT | 2019-04-29 | [The Commodities Feed: Trump demands & Russian oil \| snaps \| ING THINK](https://feedsoft.ai/events/7601-the-commodities-feed-trump-demands-and-russian-oil-snaps-ing-think.md) | -0.3% | -4.5% |
| BRENT | 2022-03-10 | [The Commodities Feed: Sell-off across the complex \| ING THINK](https://feedsoft.ai/events/4722-the-commodities-feed-sell-off-across-the-complex-ing-think.md) | -11.0% | -11.3% |

## Sources

- think.ing.com: https://think.ing.com/articles/the-commodities-feed-oil-retreats-on-easing-middle-east-tensions/

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