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Brent crude fell below $91 a barrel on Tuesday, extending Monday’s decline as investors anticipated a diplomatic resolution to the Middle East conflict. Trump said further strikes on Iran might not be necessary, while shipping through the Strait of Hormuz increased and regional oil shipments moved closer to pre-war levels.
Reduced expectations of conflict-related supply disruption and recovering exports put downward pressure on crude prices, which can lower energy costs for feed production and transport.
tradingeconomics.comNov 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.
