# Brent near $92; Oil steadies after sharp selloff on prospects of US-Iran war resolution

> Oil steadied in early Asian trading after a steep decline, with Brent near $92 and WTI around $86. Traders weighed hopes for a diplomatic resolution to the Iran war against continued uncertainty over negotiations and supply disruptions.

- Date: 2026-11-11 · published 2026-11-11T03:10:02.338Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/92801-brent-near-92-oil-steadies-after-sharp-selloff-on-prospects-of-us-iran-war
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A resolution could ease Middle Eastern supply risks and pressure crude prices, while continued uncertainty may limit further losses.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-05-06 | [Brent Crude Price: Oil and gas plunge after report US and Iran near deal to end war](https://feedsoft.ai/events/9582-brent-crude-price-oil-and-gas-plunge-after-report-us-and-iran-near-deal-to-end.md) | -2.3% | -11.1% |
| 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% |
| BRENT | 2026-03-23 | [Brent Oil Futures Drop 14% After Trump Delays Strikes on Iran - Bloomberg](https://feedsoft.ai/events/8152-brent-oil-futures-drop-14-after-trump-delays-strikes-on-iran-bloomberg.md) | +1.5% | -13.8% |
| BRENT | 2026-05-29 | [Oil prices soften as traders bet on renewal of US-Iran truce - CNBC TV18](https://feedsoft.ai/events/12492-oil-prices-soften-as-traders-bet-on-renewal-of-us-iran-truce-cnbc-tv18.md) | +2.5% | -21.2% |
| BRENT | 2026-04-17 | [Oil settles down 9% after Iran declares Strait of Hormuz open \| Reuters](https://feedsoft.ai/events/8807-oil-settles-down-9-after-iran-declares-strait-of-hormuz-open-reuters.md) | +1.3% | +0.6% |
| WTI | 2026-05-06 | [Brent Crude Price: Oil and gas plunge after report US and Iran near deal to end war](https://feedsoft.ai/events/9582-brent-crude-price-oil-and-gas-plunge-after-report-us-and-iran-near-deal-to-end.md) | +0.0% | -5.8% |
| 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 | 2026-03-23 | [Brent Oil Futures Drop 14% After Trump Delays Strikes on Iran - Bloomberg](https://feedsoft.ai/events/8152-brent-oil-futures-drop-14-after-trump-delays-strikes-on-iran-bloomberg.md) | +2.2% | -8.1% |

## Sources

- cnbctv18.com: https://www.cnbctv18.com/market/commodities/crude-oil-prices-steady-brent-crude-wti-iran-war-resolution-us-strikes-strait-of-hormuz-west-asia-supplies-20031028.htm

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