# Brent crude below $90 for first time since August on Iran hopes

> Brent crude futures briefly fell below $90 a barrel for the first time since August, while WTI also declined. President Donald Trump said the Iran war could end fairly soon, and reports of recovering regional oil flows and a possible easing of Iran’s position on the Strait of Hormuz reduced concerns about supply shortages.

- Date: 2026-11-10 · published 2026-11-10T12:10:22.186Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/91623-brent-crude-below-90-for-first-time-since-august-on-iran-hopes
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The prospect of de-escalation and recovering oil flows lowers the risk premium attached to Middle East supply disruptions, pressuring crude prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-03-23 | [Brent Below $100 on Oil, Fuel Swing; US Cites Iran Talks](https://feedsoft.ai/events/8540-brent-below-100-on-oil-fuel-swing-us-cites-iran-talks.md) | +1.5% | -13.8% |
| BRENT | 2026-10-29 | [Brent crude falls below $115, WTI near $101 as US-Iran peace hopes offset fears of growing Middle East conflict](https://feedsoft.ai/events/254-brent-crude-falls-below-115-wti-near-101-as-us-iran-peace-hopes-offset-fears-of.md) | -5.4% | — |
| BRENT | 2026-05-29 | [Oil falls on hopes for US-Iran ceasefire agreement \| Reuters](https://feedsoft.ai/events/12485-oil-falls-on-hopes-for-us-iran-ceasefire-agreement-reuters.md) | +2.5% | -21.2% |
| BRENT | 2026-04-13 | [Oil prices fall as supply concerns ease on hopes for US-Iran talks - CNA](https://feedsoft.ai/events/10085-oil-prices-fall-as-supply-concerns-ease-on-hopes-for-us-iran-talks-cna.md) | -11.3% | -3.8% |
| BRENT | 2020-03-18 | [Brent crude futures hit 16-year low below $27.00/b \| S&P Global](https://feedsoft.ai/events/7661-brent-crude-futures-hit-16-year-low-below-27-00-b-s-and-p-global.md) | -9.0% | -17.4% |
| WTI | 2026-03-23 | [Brent Below $100 on Oil, Fuel Swing; US Cites Iran Talks](https://feedsoft.ai/events/8540-brent-below-100-on-oil-fuel-swing-us-cites-iran-talks.md) | +2.2% | -8.1% |
| WTI | 2026-10-29 | [Brent crude falls below $115, WTI near $101 as US-Iran peace hopes offset fears of growing Middle East conflict](https://feedsoft.ai/events/254-brent-crude-falls-below-115-wti-near-101-as-us-iran-peace-hopes-offset-fears-of.md) | -2.3% | — |
| WTI | 2026-05-29 | [Oil falls on hopes for US-Iran ceasefire agreement \| Reuters](https://feedsoft.ai/events/12485-oil-falls-on-hopes-for-us-iran-ceasefire-agreement-reuters.md) | +4.6% | -23.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2026/11/10/oil-prices-trump-iran.html

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