# Oil prices fall over $1 on hopes for Iran, Ukraine peace talks

> Brent fell $1.14 to $91.62 a barrel and WTI fell $1.04 to $85.49 on Thursday. The drop followed hopes for progress in Middle East and Russia-Ukraine peace talks. Russian and Ukrainian negotiators agreed a major prisoner exchange in Abu Dhabi, but territorial differences remain.

- Date: 2026-11-12 · published 2026-11-12T03:09:58.200Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/94807-oil-prices-fall-over-1-on-hopes-for-iran-ukraine-peace-talks
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expectations of de-escalation in the Middle East and Ukraine lower the risk premium on crude, which feeds through to diesel, fertilizer and biofuel margins. Easing Black Sea tensions could also eventually ease grain shipping risk.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-04-13 | [Oil prices fall as supply concerns ease on hopes for US-Iran talks - CNA](https://feedsoft.ai/events/10085-oil-prices-fall-as-supply-concerns-ease-on-hopes-for-us-iran-talks-cna.md) | -12.8% | -0.0% |
| WTI | 2026-05-21 | [Oil falls with US-Iran peace talks in focus](https://feedsoft.ai/events/12489-oil-falls-with-us-iran-peace-talks-in-focus.md) | -9.1% | -21.3% |
| WTI | 2022-03-14 | [Oil falls over 5% on Russia-Ukraine talk hopes, China lockdowns \| Reuters](https://feedsoft.ai/events/5997-oil-falls-over-5-on-russia-ukraine-talk-hopes-china-lockdowns-reuters.md) | -4.2% | -10.1% |
| WTI | 2026-10-29 | [Oil prices fall as hopes of US-Iran peace talks ease supply fears \| Commodity News - Business Standard](https://feedsoft.ai/events/253-oil-prices-fall-as-hopes-of-us-iran-peace-talks-ease-supply-fears-commodity.md) | -2.3% | — |
| WTI | 2025-11-28 | [Oil falls on drawn-out Ukraine peace talks, all eyes on upcoming OPEC+ meeting \| Reuters](https://feedsoft.ai/events/22135-oil-falls-on-drawn-out-ukraine-peace-talks-all-eyes-on-upcoming-opec-meeting.md) | +1.7% | -3.6% |
| BRENT | 2026-04-13 | [Oil prices fall as supply concerns ease on hopes for US-Iran talks - CNA](https://feedsoft.ai/events/10085-oil-prices-fall-as-supply-concerns-ease-on-hopes-for-us-iran-talks-cna.md) | -11.3% | -3.8% |
| BRENT | 2026-05-21 | [Oil falls with US-Iran peace talks in focus](https://feedsoft.ai/events/12489-oil-falls-with-us-iran-peace-talks-in-focus.md) | -11.6% | -25.6% |
| BRENT | 2022-03-14 | [Oil falls over 5% on Russia-Ukraine talk hopes, China lockdowns \| Reuters](https://feedsoft.ai/events/5997-oil-falls-over-5-on-russia-ukraine-talk-hopes-china-lockdowns-reuters.md) | -3.7% | -11.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2026/11/12/oil-prices-fall-over-1-on-hopes-for-iran-ukraine-peace-talks-.html

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