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Brent fell 5.85% to a two-month low of $92.57 a barrel as reports pointed to US-Iran talks through mediators and possible diplomatic progress. The price declined further to $91.45 in morning trading.
Reduced fears of escalation and oil-supply disruption are weighing on crude prices. Lower energy costs can ease pressure on feed and transport expenses.
fxstreet.comFXStreet Insights TeamNov 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.
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.
