# Oil Steadies After Slump as Iran War Talks Make Little Progress

> Oil prices steadied after a recent slump, with WTI near $86 and Brent below $93. Iran said it would not remove enriched nuclear material from the country, undermining hopes for US-Iran negotiations, while Saudi output rose 26% in October.

- Date: 2026-11-11 · published 2026-11-12T00:11:18.669Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/94378-oil-steadies-after-slump-as-iran-war-talks-make-little-progress
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Persistent geopolitical risk keeps a premium in crude, supporting energy costs for feed mills, while signs of physical surplus limit upside and reduce input costs over time.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-06-30 | [Oil steady, traders on sidelines as OPEC+ talks drag on - The Globe and Mail](https://feedsoft.ai/events/46755-oil-steady-traders-on-sidelines-as-opec-talks-drag-on-the-globe-and-mail.md) | -1.2% | -1.0% |
| WTI | 2025-12-03 | [Vegetable oil prices rose slightly after falling in the previous week](https://feedsoft.ai/events/11261-vegetable-oil-prices-rose-slightly-after-falling-in-the-previous-week.md) | -0.7% | -2.5% |
| WTI | 2026-03-09 | [Markets seesaw over oil price fears as Trump says war to be ‘ended soon’ - The Washington Post](https://feedsoft.ai/events/6634-markets-seesaw-over-oil-price-fears-as-trump-says-war-to-be-ended-soon-the.md) | +8.5% | +25.0% |
| WTI | 2022-08-22 | [Oil pares losses after Saudi oilmin says OPEC+ has options including cuts](https://feedsoft.ai/events/40195-oil-pares-losses-after-saudi-oilmin-says-opec-has-options-including-cuts.md) | +0.9% | -7.1% |
| WTI | 2025-06-23 | [Update: oil prices fall back after short-lived surge in early trading - FreightWaves](https://feedsoft.ai/events/8645-update-oil-prices-fall-back-after-short-lived-surge-in-early-trading.md) | -12.2% | -9.7% |
| BRENT | 2021-06-30 | [Oil steady, traders on sidelines as OPEC+ talks drag on - The Globe and Mail](https://feedsoft.ai/events/46755-oil-steady-traders-on-sidelines-as-opec-talks-drag-on-the-globe-and-mail.md) | +0.1% | -0.5% |
| BRENT | 2026-03-09 | [Markets seesaw over oil price fears as Trump says war to be ‘ended soon’ - The Washington Post](https://feedsoft.ai/events/6634-markets-seesaw-over-oil-price-fears-as-trump-says-war-to-be-ended-soon-the.md) | +9.5% | +25.6% |
| BRENT | 2022-08-22 | [Oil pares losses after Saudi oilmin says OPEC+ has options including cuts](https://feedsoft.ai/events/40195-oil-pares-losses-after-saudi-oilmin-says-opec-has-options-including-cuts.md) | +4.6% | -6.4% |

## Sources

- livemint.com: https://www.livemint.com/market/oil-steadies-after-slump-as-iran-war-talks-make-little-progress-11794439901889.html

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