# Oil prices set for second weekly decline as Trump to stay with Iran blockade

> Oil prices were mixed on Friday but headed for a second weekly decline as the US plans to keep its blockade of Iran. Brent was near $95.41 and WTI near $88.52, with Brent set to fall about 2.4% on the week after a 16% drop the previous week.

- Date: 2026-11-13 · published 2026-11-13T06:09:38.696Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/97203-oil-prices-set-for-second-weekly-decline-as-trump-to-stay-with-iran-blockade
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A continued US blockade and reduced odds of large-scale fighting ease near-term supply fears, but attacks on shipping keep risk premium in crude, which feeds into biofuel, fertilizer and freight costs for feed producers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-10 | [Oil prices dive as Trump says Iran war will end ‘very soon’ \| CNN Business](https://feedsoft.ai/events/6630-oil-prices-dive-as-trump-says-iran-war-will-end-very-soon-cnn-business.md) | -1.3% | +20.4% |
| WTI | 2026-04-01 | [Grain, Oilseed Prices Fall as Traders Look for End to Iran War - Bloomberg](https://feedsoft.ai/events/19762-grain-oilseed-prices-fall-as-traders-look-for-end-to-iran-war-bloomberg.md) | -6.6% | +6.7% |
| WTI | 2020-01-08 | [Oil prices plunge as Trump speech eases Iran fears \| CNN Business](https://feedsoft.ai/events/9660-oil-prices-plunge-as-trump-speech-eases-iran-fears-cnn-business.md) | -7.0% | -18.9% |
| WTI | 2026-04-01 | [Oil Declines as US, Israel Seek to Ease Concerns Over Iran War](https://feedsoft.ai/events/20329-oil-declines-as-us-israel-seek-to-ease-concerns-over-iran-war.md) | -6.6% | +6.7% |
| WTI | 2026-10-29 | [Oil Prices Decline](https://feedsoft.ai/events/1438-oil-prices-decline.md) | -2.3% | — |
| BRENT | 2026-03-10 | [Oil prices dive as Trump says Iran war will end ‘very soon’ \| CNN Business](https://feedsoft.ai/events/6630-oil-prices-dive-as-trump-says-iran-war-will-end-very-soon-cnn-business.md) | +4.1% | +27.2% |
| BRENT | 2026-04-01 | [Grain, Oilseed Prices Fall as Traders Look for End to Iran War - Bloomberg](https://feedsoft.ai/events/19762-grain-oilseed-prices-fall-as-traders-look-for-end-to-iran-war-bloomberg.md) | -12.2% | -1.1% |
| BRENT | 2020-01-08 | [Oil prices plunge as Trump speech eases Iran fears \| CNN Business](https://feedsoft.ai/events/9660-oil-prices-plunge-as-trump-speech-eases-iran-fears-cnn-business.md) | -5.9% | -21.3% |

## Sources

- channelnewsasia.com: https://www.channelnewsasia.com/business/oil-prices-set-second-weekly-decline-trump-sticks-iran-blockade-6548391
- cnbc.com: https://www.cnbc.com/2026/11/13/oil-prices-set-for-second-weekly-decline-as-trump-to-stay-with-iran-blockade.html

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