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Brent and WTI prices rebounded after falling to two-month lows as traders weighed prospects for US-Iran de-escalation against continued attacks on shipping near the Strait of Hormuz. Thirty-seven ships were attacked in the area in October, the highest monthly total since the war began, and 10 more attacks had been recorded in November.
Persistent attacks threaten oil flows through a critical shipping route, supporting crude prices and potentially raising energy and transport costs for feed supply chains.
moneycontrol.comMoneycontrol NewsNov 11, 2026After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% 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.
