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Oil rose after Ukraine attacked a key Russian oil port and Iran seized a tanker near the Strait of Hormuz. West Texas Intermediate settled up 2.4%, above $60 a barrel, and Brent also advanced.
Attacks on export infrastructure and tanker seizures add a geopolitical risk premium to crude, raising energy and freight costs for feed buyers. The price effect depends on whether the disruptions persist.
bloomberg.comAlex Longley, Rong Wei Neo, Mia GindisNov 13, 2025After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
