Brent posts worst week since 2020 on Iran talks hopes: Nov 9, 2026
Brent posted its worst week since April 2020, down 12.5%, amid hopes for US-Iran talks and reports that Iran dropped a Hormuz toll demand. Lower prices have been tied to the talks, while physical Gulf crude climbed. Risks remain in focus with explosions reported at Qeshm, US moves to block land supply routes, and persistent Hormuz and Houthi tensions helping oil pare losses.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the Brent page.
The day on the wire
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Each tick is a headline first seen that day.
Headlines (14)
First seen on November 9
- Brent Crude Fell 12.5% But Former Biden Advisor Warns Iran War Could ReturnBeInCrypto
- Oil dips again on Iran talks hopes, but physical Gulf crude climbsgulfnews.com
- Managed money sold $6.6 bln in Brent longs in a week as US-Iran war fears ease: Goldmanflash.jin10.com
- Brent posts worst week since April 2020 amid post-midterms hopes for Iran détenteHellenic Shipping News
- Brent: Lower prices tied to US-Iran talks – MUFGFXStreet
- Oil prices pare losses as Hormuz, Houthi tensions persistHellenic Shipping News
- WTI, Brent Fall Over 3% as Iran Reportedly Drops Hormuz Toll Demandgelonghui.com
Carried over from earlier days
- Strait of Hormuz will stay closed until US accepts its terms: Iranen.irna.ir
- Iran's Revolutionary Guards Say They Opened Fire on US Side in Strait of Hormuz Last Nightwallstreetcn.com
- Survey Shows OPEC Output Neared Pre-War Levelsrigzone.com
- Iran war live: Explosions hit Qeshm; US moves to block land supply routesAl Jazeera
- Iran IRGC Navy says three tankers exploded and caught fire in Strait of Hormuz on Nov 8flash.jin10.com
- Iran suggests blasts are not US attacks as both sides report ships hital-monitor.com
- Oil posts biggest weekly loss since April 2020 on US-Iran talks, Brent near $97, WTI near $90gelonghui.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, November 9 | ||
| CPI y/y | 0.8% | CNY |
| PPI y/y | 5.3% | CNY |
| M2 Money Supply y/y | 7.3% | CNY |
| New Loans | 80B | CNY |
| FOMC Member Bowman Speaks | USD | |
| Final Wholesale Inventories m/m | 0.6% | USD |
| FOMC Member Goolsbee Speaks | USD | |
| FOMC Member Barkin Speaks | USD | |