WTI drops 9% to $87 on hopes for end to Iran war: Nov 5, 2026
WTI fell about 9% to $87, while Brent fell toward $100, as traders priced in hopes for an end to the Iran war. The move followed US election results and comments from Trump ruling out immediate strikes on Iran, raising expectations of a US-Iran deal.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the WTI page.
Headlines (9)
First seen on November 5
Carried over from earlier days
- WTI recovers to near $95.50 amid Iran peace talk hopesFXStreet
- Californians vote on ballot initiative to impose one-time tax on billionairesfrance24.com
- Brent Falls to $100 as Traders Bet on a U.S.-Iran DealOilPrice.com
- Bitcoin Reclaims $80,000 as Oil Price Drops SharplyBeInCrypto
- WTI plunges 9% as US election results raise hopes of an end to Iran warFXStreet
- Oil Crashes 9% as Trump and Vance Blame Iran War for Midterm RoutOilPrice.com
- The market is making a big bet on ending the Iran warInvestingLive
- Financial & Forex Market Recap: Nov. 4, 2026babypips.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, November 5 | ||
| Challenger Job Cuts y/y | USD | |
| Prelim Unit Labor Costs q/q | 0.3% | USD |
| Unemployment Claims | 197K | USD |
| Prelim Nonfarm Productivity q/q | 2.8% | USD |
| FOMC Member Hammack Speaks | USD | |
| FOMC Member Barkin Speaks | USD | |
| Natural Gas Storage | 81B | USD |
| BOC Gov Macklem Speaks | CAD | |