# Oil rises 1% as Iran vows to retain enriched uranium

> Brent settled up $1.27 at $92.76 and WTI rose 49 cents to $86.53 after Iran said no enriched nuclear material would leave the country. Attacks on 37 ships in October were the highest monthly total since the war began in February. Prices had lifted off two-month lows set the prior session.

- Date: 2026-11-12 · published 2026-11-12T03:09:58.494Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/94812-oil-rises-1-as-iran-vows-to-retain-enriched-uranium
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Shipping attacks in the Strait of Hormuz keep crude and freight risk elevated, which raises energy and fertilizer costs for feed producers. Even a political deal would not quickly normalize shipping flows.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-05-22 | [Oil Prices Rise as Iran Draws Red Line on Uranium \| Investing.com](https://feedsoft.ai/events/19429-oil-prices-rise-as-iran-draws-red-line-on-uranium-investing-com.md) | -9.1% | -21.6% |
| WTI | 2026-03-12 | [Oil settles up 9% as Iran vows to keep Strait of Hormuz closed \| Reuters](https://feedsoft.ai/events/6638-oil-settles-up-9-as-iran-vows-to-keep-strait-of-hormuz-closed-reuters.md) | +10.6% | +13.9% |
| WTI | 2018-09-27 | [Oil rises as investors fret over Iranian supply gaps](https://feedsoft.ai/events/63232-oil-rises-as-investors-fret-over-iranian-supply-gaps.md) | +6.1% | -7.4% |
| WTI | 2018-06-27 | [Oil rises on supply losses, US push to isolate Iran](https://feedsoft.ai/events/8779-oil-rises-on-supply-losses-us-push-to-isolate-iran.md) | +0.7% | -4.2% |
| WTI | 2019-04-21 | [Oil Leaps to 6-Month High as U.S. Vows to Strangle Iran Exports - Bloomberg](https://feedsoft.ai/events/9607-oil-leaps-to-6-month-high-as-u-s-vows-to-strangle-iran-exports-bloomberg.md) | -1.1% | -1.9% |
| BRENT | 2026-05-22 | [Oil Prices Rise as Iran Draws Red Line on Uranium \| Investing.com](https://feedsoft.ai/events/19429-oil-prices-rise-as-iran-draws-red-line-on-uranium-investing-com.md) | -11.3% | -23.1% |
| BRENT | 2026-03-12 | [Oil settles up 9% as Iran vows to keep Strait of Hormuz closed \| Reuters](https://feedsoft.ai/events/6638-oil-settles-up-9-as-iran-vows-to-keep-strait-of-hormuz-closed-reuters.md) | +23.1% | +16.8% |
| BRENT | 2018-09-27 | [Oil rises as investors fret over Iranian supply gaps](https://feedsoft.ai/events/63232-oil-rises-as-investors-fret-over-iranian-supply-gaps.md) | +5.2% | -5.9% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/2026/11/12/oil-rises-1-as-iran-vows-to-retain-enriched-uranium

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.