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Brent crude rose 1.39% to $92.76 a barrel and WTI rose 0.57% to $86.53 after Iran's security official said enriched nuclear material would stay in Iran. Expectations for a US-Iran end-of-war deal weakened.
Fading peace prospects add a geopolitical premium to crude, which raises diesel and energy costs for feed production and can lift vegetable oil and ethanol prices.
biz.heraldcorp.comKim Young-chulNov 11, 2026After 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.
After 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.
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.
