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Oil prices fell in Asian trade after the Wall Street Journal reported that U.S. Vice President JD Vance was considering in-person talks with a top Iranian security official. Brent fell 1.2% to $91.63 a barrel and WTI fell 1.1% to $85.55, erasing a brief rebound from two-month lows.
Easing Middle East supply fears push crude lower, which lowers feed-related energy and freight costs and reduces support for biofuel-linked crops like corn, soybean oil and ethanol feedstocks. The outcome of talks remains uncertain, so the price path could reverse quickly.
uk.finance.yahoo.comAmbar WarrickNov 12, 2026After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.
After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% 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.
