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Brent and WTI rose as traders became less optimistic about a US-Iran peace deal amid continued tanker attacks in the Strait of Hormuz. The article reports 37 vessel attacks in the strait in October and ongoing Houthi attacks on Saudi infrastructure, including the East-West pipeline.
Persistent attacks and uncertainty over safe shipping could constrain Gulf oil flows and sustain a geopolitical risk premium, supporting crude prices. Mine clearance, insurance costs and shipowners’ willingness to return could also slow any recovery in shipments even if a deal is reached.
investing.comIrina SlavNov 11, 2026After 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.
After 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.
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.
