# Commodity Corner: Oil holds gains on US-Iran tensions; gold near one-year low on rate hike bets

> Oil held gains after President Trump said the US could forgo a deal with Iran, leaving the Middle East war unresolved. Brent traded below $96 and WTI near $89, while gold hovered near a one-year low on Fed rate hike bets and the dollar gained against Group-of-10 peers.

- Date: 2026-11-13 · published 2026-11-13T06:13:29.345Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/97258-commodity-corner-oil-holds-gains-on-us-iran-tensions-gold-near-one-year-low-on
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher crude raises diesel and freight costs for feed production and transport, and it can lift biofuel-linked demand for vegetable oils and corn. A firmer dollar adds pressure on US commodity exports.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-07-23 | [Japan core inflation rate in June creeps up from 4-year low as higher oil prices bite](https://feedsoft.ai/events/18586-japan-core-inflation-rate-in-june-creeps-up-from-4-year-low-as-higher-oil.md) | -2.9% | -2.2% |
| BRENT | 2026-09-29 | [Fed Rate Hike Bets and US Bond Rout Bolster the Dollar, Hurt Equities and Gold \| Investing.com](https://feedsoft.ai/events/17391-fed-rate-hike-bets-and-us-bond-rout-bolster-the-dollar-hurt-equities-and-gold.md) | +5.1% | +3.9% |
| BRENT | 2026-04-29 | [EUR/USD Holds Gains but Rate Expectations Leave Outlook Uncertain \| Investing.com](https://feedsoft.ai/events/19945-eur-usd-holds-gains-but-rate-expectations-leave-outlook-uncertain-investing-com.md) | -1.9% | -16.4% |
| BRENT | 2022-02-18 | [Ringgit opens higher against US dollar on steady commodity prices](https://feedsoft.ai/events/42965-ringgit-opens-higher-against-us-dollar-on-steady-commodity-prices.md) | +6.4% | +16.9% |
| BRENT | 2026-07-29 | [Gold trims gain as Fed holds rates, signals hike support](https://feedsoft.ai/events/18264-gold-trims-gain-as-fed-holds-rates-signals-hike-support.md) | -2.3% | +4.3% |
| WTI | 2017-08-17 | [Yen Gains On Fed, Commodity-Linked Aussie Extends Gains, Oil Inches Up \| Investing.com](https://feedsoft.ai/events/69370-yen-gains-on-fed-commodity-linked-aussie-extends-gains-oil-inches-up-investing.md) | +3.5% | +6.6% |
| WTI | 2026-10-29 | [December Rate Hike Expectations and Expensive Oil: The Dollar Is Back on Top \| Investing.com](https://feedsoft.ai/events/17043-december-rate-hike-expectations-and-expensive-oil-the-dollar-is-back-on-top.md) | -2.3% | — |
| WTI | 2026-04-29 | [Canadian dollar steadies as oil lifts BoC rate hike bets - The Globe and Mail](https://feedsoft.ai/events/19934-canadian-dollar-steadies-as-oil-lifts-boc-rate-hike-bets-the-globe-and-mail.md) | +2.2% | -10.9% |

## Sources

- tradingview.com: https://www.tradingview.com/news/moneycontrol:a17853615094b:0-commodity-corner-oil-holds-gains-on-us-iran-tensions-gold-near-one-year-low-on-rate-hike-bets/

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