# Crude Oil Prices Gain as US-Iran Peace Optimism Wanes

> Crude oil and gasoline futures rose after President Trump said the US did not need a deal with Iran, erasing overnight losses. Iran continued attacks on ships in the Strait of Hormuz, and Saudi pipeline and infrastructure were targeted, while the dollar index hit a 1.5-year high and EIA inventories rose unexpectedly.

- Date: 2026-11-12 · published 2026-11-12T18:09:19.945Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/95837-crude-oil-prices-gain-as-us-iran-peace-optimism-wanes
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A stronger dollar and renewed Middle East supply risk pull in opposite directions for feed commodities, but sustained crude strength lifts biofuel feedstock and freight costs.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-04-12 | [Crude oil prices today: WTI, Brent rise as Israel braces for Iran attack](https://feedsoft.ai/events/30930-crude-oil-prices-today-wti-brent-rise-as-israel-braces-for-iran-attack.md) | -2.7% | -6.1% |
| WTI | 2026-08-31 | [Brent nears $90 after US-Iran strikes: Why is crude oil price rising?](https://feedsoft.ai/events/18055-brent-nears-90-after-us-iran-strikes-why-is-crude-oil-price-rising.md) | +9.6% | +4.0% |
| WTI | 2026-05-21 | [US oil prices rise as investors doubt breakthrough in US-Iran peace talks \| Reuters](https://feedsoft.ai/events/19427-us-oil-prices-rise-as-investors-doubt-breakthrough-in-us-iran-peace-talks.md) | -9.1% | -21.3% |
| WTI | 2024-10-07 | [Crude oil price today: Oil jumps as market waits for Israel attack on Iran](https://feedsoft.ai/events/10028-crude-oil-price-today-oil-jumps-as-market-waits-for-israel-attack-on-iran.md) | +1.6% | -6.7% |
| WTI | 2019-04-22 | [U.S. to end all waivers on imports of Iranian oil, crude price jumps](https://feedsoft.ai/events/9604-u-s-to-end-all-waivers-on-imports-of-iranian-oil-crude-price-jumps.md) | -1.1% | -1.9% |
| DXY | 2026-03-02 | [Dollar (USD) Gains as Higher Oil Prices Damp Bets on Fed Rate Cuts - Bloomberg](https://feedsoft.ai/events/10711-dollar-usd-gains-as-higher-oil-prices-damp-bets-on-fed-rate-cuts-bloomberg.md) | +1.4% | +2.6% |
| DXY | 2025-10-31 | [Crude Prices Rise on Geopolitical Risks in Venezuela](https://feedsoft.ai/events/22563-crude-prices-rise-on-geopolitical-risks-in-venezuela.md) | +0.3% | -0.2% |
| DXY | 2021-11-19 | [OIL FUTURES: Prices slide amid European lockdowns, stronger US dollar \| S&P Global](https://feedsoft.ai/events/11826-oil-futures-prices-slide-amid-european-lockdowns-stronger-us-dollar-s-and-p.md) | +1.3% | +0.6% |

## Sources

- barchart.com: https://www.barchart.com/story/news/8806358/crude-oil-prices-gain-as-us-iran-peace-optimism-wanes

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