# Oil Prices Hit Lowest Since August Amid US-Iran Peace Hopes and Trump’s Restraint

> Brent briefly fell below $90 a barrel, its lowest level since August, as traders weighed hopes for de-escalation between the United States and Iran. Prices were also pressured by recovering Hormuz flows and Middle Eastern producers cutting prices to attract buyers, while Trump said he would hold off on further strikes but maintain the naval blockade.

- Date: 2026-11-10 · published 2026-11-11T00:13:48.650Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/92457-oil-prices-hit-lowest-since-august-amid-us-iran-peace-hopes-and-trump-s
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Easing concerns about Middle East supply disruptions and the return of supply reduce the risk premium in crude, weighing on oil prices and potentially lowering energy-related feed and freight costs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-05-29 | [Oil prices log steepest weekly loss since April on potential US-Iran peace deal \| The National](https://feedsoft.ai/events/12723-oil-prices-log-steepest-weekly-loss-since-april-on-potential-us-iran-peace-deal.md) | +4.6% | -23.5% |
| WTI | 2026-04-08 | [Oil prices plunge on Trump's US-Iran ceasefire post](https://feedsoft.ai/events/6900-oil-prices-plunge-on-trump-s-us-iran-ceasefire-post.md) | -18.9% | -8.3% |
| WTI | 2026-05-05 | [Oil prices slide on reports US and Iran are nearing peace agreement \| Reuters](https://feedsoft.ai/events/9579-oil-prices-slide-on-reports-us-and-iran-are-nearing-peace-agreement-reuters.md) | -7.6% | -11.4% |
| WTI | 2026-04-10 | [Oil Eyes Large Weekly Loss Amid Fragile Iran Peace Hopes](https://feedsoft.ai/events/10139-oil-eyes-large-weekly-loss-amid-fragile-iran-peace-hopes.md) | -3.2% | -1.9% |
| WTI | 2026-05-05 | [Oil prices bounce off lows, as an Iran peace deal may be just a ‘structured pause’ - MarketWatch](https://feedsoft.ai/events/9583-oil-prices-bounce-off-lows-as-an-iran-peace-deal-may-be-just-a-structured-pause.md) | -7.6% | -11.4% |
| BRENT | 2026-05-29 | [Oil prices log steepest weekly loss since April on potential US-Iran peace deal \| The National](https://feedsoft.ai/events/12723-oil-prices-log-steepest-weekly-loss-since-april-on-potential-us-iran-peace-deal.md) | +2.5% | -21.2% |
| BRENT | 2026-04-08 | [Oil prices plunge on Trump's US-Iran ceasefire post](https://feedsoft.ai/events/6900-oil-prices-plunge-on-trump-s-us-iran-ceasefire-post.md) | -13.7% | -8.7% |
| BRENT | 2026-05-05 | [Oil prices slide on reports US and Iran are nearing peace agreement \| Reuters](https://feedsoft.ai/events/9579-oil-prices-slide-on-reports-us-and-iran-are-nearing-peace-agreement-reuters.md) | -9.6% | -16.4% |

## Sources

- gulfnews.com: https://gulfnews.com/business/energy/oil-hits-lowest-since-august-as-trump-holds-off-on-iran-strikes-1.500743137

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