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Middle Eastern exports of refined products and LNG picked up in late October and accelerated in early November, while U.S. gasoline and diesel prices eased from their recent peaks. Crude oil rebounded after falling sharply the previous day, with continued uncertainty over Iran and flows through the Strait of Hormuz.
Rising exports could loosen refined-product and energy supply and weigh on prices, while renewed tensions around Hormuz could threaten flows and add a risk premium. Energy prices affect feed manufacturing, drying, and transport costs.
investing.comPhil FlynnNov 11, 2026After 60 past neutral geopolitics events, Crude Oil (WTI) moved a median -0.9% over 5 sessions (43% higher; middle half -4.7% to +2.3%), and -1.9% over 20.
After 63 past neutral geopolitics events, Crude Oil (Brent) moved a median -0.5% over 5 sessions (44% higher; middle half -4.4% to +2.6%), and -2.7% over 20.
After 51 past bearish geopolitics events, ULSD / Diesel moved a median -2.4% over 5 sessions (37% higher; middle half -8.2% to +3.9%), and -2.3% over 20.
After 15 past bearish geopolitics events, Natural Gas moved a median -1.1% over 5 sessions (40% higher; middle half -9.2% to +2.4%), and +4.7% 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.
