# Oil News: Trump’s Iran Comments Cut War Premium as OPEC Output Rises

> Crude futures extended losses after President Trump signaled he did not see a need for renewed military action against Iran for now, reducing fears of prolonged supply disruptions. A Reuters survey also found OPEC output rose in October, led by Saudi Arabia, Kuwait and Iraq, although Strait of Hormuz shipping risks remained elevated.

- Date: 2026-11-10 · published 2026-11-11T00:13:48.733Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/92458-oil-news-trump-s-iran-comments-cut-war-premium-as-opec-output-rises
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A lower geopolitical risk premium and increased OPEC production add to available crude supply and pressure oil prices, potentially easing energy and transport costs for feed buyers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-10 | [Oil and gas prices fall after Trump says war is 'very complete' - BBC News](https://feedsoft.ai/events/9387-oil-and-gas-prices-fall-after-trump-says-war-is-very-complete-bbc-news.md) | -1.3% | +20.4% |
| WTI | 2025-09-29 | [Oil Prices Slip as Kurdistan Resumes Crude Exports, OPEC+ Plans Output Hike - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/23039-oil-prices-slip-as-kurdistan-resumes-crude-exports-opec-plans-output-hike.md) | -7.3% | -6.4% |
| WTI | 2018-10-31 | [OPEC oil output rises to highest since 2016 despite Iran - Reuters survey](https://feedsoft.ai/events/62453-opec-oil-output-rises-to-highest-since-2016-despite-iran-reuters-survey.md) | -6.0% | -24.2% |
| WTI | 2026-03-10 | [Oil prices dive as Trump says Iran war will end ‘very soon’ \| CNN Business](https://feedsoft.ai/events/6630-oil-prices-dive-as-trump-says-iran-war-will-end-very-soon-cnn-business.md) | -1.3% | +20.4% |
| WTI | 2022-06-02 | [OPEC+ brings forward oil output rises as Biden's Saudi visit looms \| Reuters](https://feedsoft.ai/events/40834-opec-brings-forward-oil-output-rises-as-biden-s-saudi-visit-looms-reuters.md) | +5.8% | -7.1% |
| BRENT | 2026-03-10 | [Oil and gas prices fall after Trump says war is 'very complete' - BBC News](https://feedsoft.ai/events/9387-oil-and-gas-prices-fall-after-trump-says-war-is-very-complete-bbc-news.md) | +4.1% | +27.2% |
| BRENT | 2025-09-29 | [Oil Prices Slip as Kurdistan Resumes Crude Exports, OPEC+ Plans Output Hike - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/23039-oil-prices-slip-as-kurdistan-resumes-crude-exports-opec-plans-output-hike.md) | -7.5% | -6.8% |
| BRENT | 2018-10-31 | [OPEC oil output rises to highest since 2016 despite Iran - Reuters survey](https://feedsoft.ai/events/62453-opec-oil-output-rises-to-highest-since-2016-despite-iran-reuters-survey.md) | -5.8% | -21.0% |

## Sources

- fxempire.com: https://www.fxempire.com/forecasts/article/oil-news-trumps-iran-comments-cut-war-premium-as-opec-output-rises-1643480

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