WTI falls near $90 on Iran talks amid Hormuz tanker incidents: Nov 9, 2026
WTI fell over 3% to near $89.50 to $90, posting its biggest weekly loss since April 2020, as headlines pointed to US-Iran talks, hopes for detente and reports that Iran dropped a Hormuz toll demand. Comments from Trump hinting at reduced US-Iran tension were also cited for the move. The price action comes alongside reports of explosions near Qeshm, three tankers exploding and catching fire and four tankers intercepted in the Strait of Hormuz, keeping attention on supply-route disruption.
Updated
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The day on the wire
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Each tick is a headline first seen that day.
Headlines (13)
First seen on November 9
- WTI falls to near $89.50 as Trump hints at reduced US-Iran tensionFXStreet
- Brent posts worst week since April 2020 amid post-midterms hopes for Iran détenteHellenic Shipping News
- WTI, Brent Fall Over 3% as Iran Reportedly Drops Hormuz Toll Demandgelonghui.com
- IRIB Says Four Tankers Intercepted and Forced to Stop in Strait of Hormuz in Past 24 Hoursflash.jin10.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
- Iran war live: Explosions hit Qeshm; US moves to block land supply routesAl Jazeera
- IRGC lifts missile range limits, says two tankers hit mines in Hormuz; Houthis claim strikes on Saudi oil sitesflash.jin10.com
- 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
- Sunday roundup: Riyadh financial district attacked, Aramco damaged, 3 tankers on fire in Hormuzflash.jin10.com
- Trump says 'Iron Gate' Iran blockade in full swing as 3 tankers explode in Hormuz Straitflash.jin10.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 | |