# Oil prices hit two-month lows

> Brent and WTI fell about 2% to fresh two-month lows after US officials said additional military action against Iran was not needed, easing fears of further Middle East supply disruptions. US Secretary of State Marco Rubio said sanctions and the naval blockade were working, while Trump had said he would hold off on new strikes for now.

- Date: 2026-11-10 · published 2026-11-11T00:13:48.801Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/92459-oil-prices-hit-two-month-lows
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Reduced expectations of conflict-driven supply interruptions lower crude’s risk premium and weigh on oil prices, with potential downstream relief for fuel and freight costs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-10-29 | [Oil Prices Decline](https://feedsoft.ai/events/1438-oil-prices-decline.md) | -2.3% | — |
| WTI | 2020-03-16 | [Chart of the Month \| A Price War Erupts in the Oil Market](https://feedsoft.ai/events/7664-chart-of-the-month-a-price-war-erupts-in-the-oil-market.md) | -35.6% | -29.5% |
| WTI | 2024-09-06 | [Crude oil prices today: WTI lowest since June 2023](https://feedsoft.ai/events/12387-crude-oil-prices-today-wti-lowest-since-june-2023.md) | -0.3% | +6.2% |
| WTI | 2026-09-30 | [More oil out of the Gulf translating to lower prices - FreightWaves](https://feedsoft.ai/events/17654-more-oil-out-of-the-gulf-translating-to-lower-prices-freightwaves.md) | +0.1% | +8.9% |
| WTI | 2026-05-29 | [Brent oil price in May posts biggest monthly loss since 2020](https://feedsoft.ai/events/12487-brent-oil-price-in-may-posts-biggest-monthly-loss-since-2020.md) | +4.6% | -23.5% |
| BRENT | 2026-10-29 | [Oil Prices Decline](https://feedsoft.ai/events/1438-oil-prices-decline.md) | -5.4% | — |
| BRENT | 2020-03-16 | [Chart of the Month \| A Price War Erupts in the Oil Market](https://feedsoft.ai/events/7664-chart-of-the-month-a-price-war-erupts-in-the-oil-market.md) | -20.5% | -23.3% |
| BRENT | 2024-09-06 | [Crude oil prices today: WTI lowest since June 2023](https://feedsoft.ai/events/12387-crude-oil-prices-today-wti-lowest-since-june-2023.md) | -0.9% | +5.5% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40448313/oil-prices-hit-two-month-lows

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