# WTI Oil steadies above $85 as hopes of a Middle East peace agreement start to fade

> WTI recovered more than $2 from Tuesday’s lows and traded around $85.50 as traders grew more doubtful that Washington and Tehran would reach a peace agreement. Attacks on vessels in the Strait of Hormuz continued, while a reported rise in U.S. API crude stocks limited the recovery.

- Date: 2026-11-11 · published 2026-11-11T12:24:41.168Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/93617-wti-oil-steadies-above-85-as-hopes-of-a-middle-east-peace-agreement-start-to
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Renewed concern about conflict and shipping disruptions near the Strait of Hormuz supports crude prices, while higher U.S. inventories temper that pressure. Higher oil prices can lift feed, fertilizer, and transport costs.

## Read by commodity

- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-10-03 | [Crude oil prices today: WTI rises as Biden comments on Middle East risk](https://feedsoft.ai/events/10027-crude-oil-prices-today-wti-rises-as-biden-comments-on-middle-east-risk.md) | +4.4% | -2.4% |
| WTI | 2026-09-07 | [Opec+ holds oil output steady as prices continue to rise amid Middle East escalation \| Upstream](https://feedsoft.ai/events/17384-opec-holds-oil-output-steady-as-prices-continue-to-rise-amid-middle-east.md) | +9.3% | +3.6% |
| WTI | 2018-07-26 | [Factbox: Risks to Middle East oil and gas shipping routes](https://feedsoft.ai/events/63929-factbox-risks-to-middle-east-oil-and-gas-shipping-routes.md) | -3.0% | -3.8% |
| WTI | 2026-10-29 | [WTI climbs above $101.00 on Middle East supply risks](https://feedsoft.ai/events/616-wti-climbs-above-101-00-on-middle-east-supply-risks.md) | -2.3% | — |
| WTI | 2024-10-04 | [What's next for oil, gas prices as Middle East tensions heat up? \| AP News](https://feedsoft.ai/events/12042-what-s-next-for-oil-gas-prices-as-middle-east-tensions-heat-up-ap-news.md) | +2.9% | -6.3% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/wti-oil-steadies-above-85-as-hopes-of-a-middle-east-peace-agreement-start-to-fade-202611111206

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