# Oil steadies amid US-Iran deadlock

> WTI traded near $86 a barrel and Brent near $92 on Thursday after a volatile week. Ukrainian drone attacks have disrupted refineries handling about 30% of Russia's processing capacity since late October. Saudi crude output rose 26% in October.

- Date: 2026-11-12 · published 2026-11-12T03:09:58.379Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/94810-oil-steadies-amid-us-iran-deadlock
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Refinery disruption in Russia supports refined product prices, which raises diesel costs for feed transport. Recovering Gulf supply limits upside in crude and keeps the overall price picture balanced.

## Read by commodity

- WTI: neutral
- BRENT: neutral
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-06-24 | [What influences crude oil more? US bombs or Iran's silent allies](https://feedsoft.ai/events/9610-what-influences-crude-oil-more-us-bombs-or-iran-s-silent-allies.md) | -4.6% | -1.6% |
| WTI | 2022-08-24 | [Oil ends higher on U.S. response to Iran nuclear deal comments](https://feedsoft.ai/events/40194-oil-ends-higher-on-u-s-response-to-iran-nuclear-deal-comments.md) | -3.8% | -12.9% |
| WTI | 2024-08-30 | [Supply Dynamics Back In Focus  Amid Prospect Of Iraq Cuts...](https://feedsoft.ai/events/28692-supply-dynamics-back-in-focus-amid-prospect-of-iraq-cuts.md) | -10.8% | -10.5% |
| WTI | 2026-06-28 | [Oil settles up on US-Iran strikes; cautious hopes for shipping cap gains \| Financial News](https://feedsoft.ai/events/18987-oil-settles-up-on-us-iran-strikes-cautious-hopes-for-shipping-cap-gains.md) | -0.8% | +30.0% |
| 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% |
| BRENT | 2025-06-24 | [What influences crude oil more? US bombs or Iran's silent allies](https://feedsoft.ai/events/9610-what-influences-crude-oil-more-us-bombs-or-iran-s-silent-allies.md) | -6.9% | -3.2% |
| BRENT | 2022-08-24 | [Oil ends higher on U.S. response to Iran nuclear deal comments](https://feedsoft.ai/events/40194-oil-ends-higher-on-u-s-response-to-iran-nuclear-deal-comments.md) | -0.5% | -9.7% |
| BRENT | 2024-08-30 | [Supply Dynamics Back In Focus  Amid Prospect Of Iraq Cuts...](https://feedsoft.ai/events/28692-supply-dynamics-back-in-focus-amid-prospect-of-iraq-cuts.md) | -8.9% | -10.4% |

## Sources

- thevibes.com: https://www.thevibes.com/articles/business/129432/oil-steadies-amid-us-iran-deadlock

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