# Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes

> Oil prices rose from two-month lows as traders balanced hopes of de-escalation in the Iran war against attacks on vessels in the Strait of Hormuz. The report cited 37 ship attacks in October and further incidents in November, including tankers damaged or set ablaze.

- Date: 2026-11-11 · published 2026-11-11T03:10:02.499Z
- Category: geopolitics · region Strait of Hormuz · magnitude low
- Page: https://feedsoft.ai/events/92803-oil-rises-from-two-month-low-as-hormuz-shipping-attacks-offset-iran-truce-hopes
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Shipping attacks and the risks of mine clearance, insurance costs, and vessel access may constrain oil flows and support crude prices despite hopes for a truce.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-03-03 | [Oil slides from decade-highs as Iran talks kindle supply hopes \| Reuters](https://feedsoft.ai/events/10344-oil-slides-from-decade-highs-as-iran-talks-kindle-supply-hopes-reuters.md) | -1.7% | -2.6% |
| WTI | 2023-12-19 | [Oil rises 1% as Red Sea shipping concerns unnerve traders](https://feedsoft.ai/events/32884-oil-rises-1-as-red-sea-shipping-concerns-unnerve-traders.md) | +4.8% | +2.7% |
| WTI | 2026-07-29 | [Oil rises as US-Iran tension escalates after Iraq strikes, missile attack](https://feedsoft.ai/events/18524-oil-rises-as-us-iran-tension-escalates-after-iraq-strikes-missile-attack.md) | -4.4% | +3.8% |
| WTI | 2022-03-04 | [Oil jumps 7% as Ukraine conflict offsets Iran supply hopes](https://feedsoft.ai/events/6284-oil-jumps-7-as-ukraine-conflict-offsets-iran-supply-hopes.md) | -1.6% | -6.7% |
| WTI | 2019-10-11 | [Oil rises 2% after reports of Iranian tanker attack \| Reuters](https://feedsoft.ai/events/56737-oil-rises-2-after-reports-of-iranian-tanker-attack-reuters.md) | +0.6% | +6.4% |
| BRENT | 2022-03-03 | [Oil slides from decade-highs as Iran talks kindle supply hopes \| Reuters](https://feedsoft.ai/events/10344-oil-slides-from-decade-highs-as-iran-talks-kindle-supply-hopes-reuters.md) | -1.8% | -1.2% |
| BRENT | 2023-12-19 | [Oil rises 1% as Red Sea shipping concerns unnerve traders](https://feedsoft.ai/events/32884-oil-rises-1-as-red-sea-shipping-concerns-unnerve-traders.md) | +2.8% | -0.1% |
| BRENT | 2026-07-29 | [Oil rises as US-Iran tension escalates after Iraq strikes, missile attack](https://feedsoft.ai/events/18524-oil-rises-as-us-iran-tension-escalates-after-iraq-strikes-missile-attack.md) | -2.3% | +4.3% |

## Sources

- sa.marketscreener.com: https://sa.marketscreener.com/news/oil-rises-from-two-month-low-as-hormuz-shipping-attacks-offset-iran-truce-hopes-ce785edbd981f725
- cnbc.com: https://www.cnbc.com/2026/11/11/oil-rises-from-two-month-low-as-hormuz-shipping-attacks-offset-iran-truce-hopes.html

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