# Iran war, Hormuz attacks fail to trigger oil shock as Gulf producers ramp up output, prices slide

> Gulf oil supply rose despite continued attacks near the Strait of Hormuz, with Saudi Arabia pumping 10.5 million barrels a day in October. Iraq and Kuwait also reported large increases, and the UAE is free of OPEC quotas. Oil futures fell almost 25% for the month at one point this week.

- Date: 2026-11-14 · published 2026-11-14T15:12:50.293Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/99602-iran-war-hormuz-attacks-fail-to-trigger-oil-shock-as-gulf-producers-ramp-up
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Ample supply and weakening physical cargo prices reduce energy-driven cost pressure on feed producers, including diesel, fertilizer and freight, and ease pressure on biofuel-linked oils.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-07-07 | [Oil prices settle at pre-Iran war levels as crude output grows](https://feedsoft.ai/events/18255-oil-prices-settle-at-pre-iran-war-levels-as-crude-output-grows.md) | +16.5% | +21.9% |
| BRENT | 2026-07-20 | [Why oil prices haven't gone crazy despite 5 months of US-Iran war \| Reuters](https://feedsoft.ai/events/9930-why-oil-prices-haven-t-gone-crazy-despite-5-months-of-us-iran-war-reuters.md) | +13.9% | +4.3% |
| BRENT | 2026-06-24 | [Oil curve points to near-term glut as Hormuz flows rise \| Reuters](https://feedsoft.ai/events/18985-oil-curve-points-to-near-term-glut-as-hormuz-flows-rise-reuters.md) | -6.2% | +21.0% |
| BRENT | 2022-06-23 | [Oil prices slump as investors fear Fed rate hikes will hurt demand \| Reuters](https://feedsoft.ai/events/41110-oil-prices-slump-as-investors-fear-fed-rate-hikes-will-hurt-demand-reuters.md) | +4.3% | -2.0% |
| BRENT | 2023-03-07 | [Oil and Gold Prices Slump As Powell Signals Further Rate Hikes to Come - Markets Insider](https://feedsoft.ai/events/36780-oil-and-gold-prices-slump-as-powell-signals-further-rate-hikes-to-come-markets.md) | -6.7% | -0.8% |
| WTI | 2026-07-07 | [Oil prices settle at pre-Iran war levels as crude output grows](https://feedsoft.ai/events/18255-oil-prices-settle-at-pre-iran-war-levels-as-crude-output-grows.md) | +13.9% | +17.6% |
| WTI | 2020-09-29 | [Canadian Dollar Slides on Higher Producer Prices, Crashing Oil Prices](https://feedsoft.ai/events/51350-canadian-dollar-slides-on-higher-producer-prices-crashing-oil-prices.md) | -3.4% | -5.1% |
| WTI | 2022-09-21 | [Oil prices slide 1% after U.S. Fed raises interest rates](https://feedsoft.ai/events/39490-oil-prices-slide-1-after-u-s-fed-raises-interest-rates.md) | -6.9% | -1.7% |

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/iran-war-hormuz-attacks-fail-to-trigger-oil-shock-as-gulf-producers-ramp-up-output-prices-slide-14080184.html

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