# Brent Jumps Nearly 3% as Iran Denies Any Talks With Washington

> Brent crude rose nearly 3% to $93.90 a barrel on Wednesday and WTI gained about 2% to $87.98, while heating oil jumped 4.1%. Iran denied negotiating with Washington, and analysts saw no near-term end to the war, after Brent had lost about 21% since the start of November on hopes of de-escalation.

- Date: 2026-11-11 · published 2026-11-12T03:10:02.965Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/94814-brent-jumps-nearly-3-as-iran-denies-any-talks-with-washington
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Renewed Middle East supply risk lifts energy costs, which feed into diesel, fertilizer and freight costs for feed producers and can support vegetable oil and biofuel-linked prices. Traffic through Hormuz would not normalize quickly even with a deal, so the risk premium may persist.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-04-02 | [US crude jumps more than 11%, Brent nearly 8% after Trump vows more attacks on Iran \| Reuters](https://feedsoft.ai/events/12724-us-crude-jumps-more-than-11-brent-nearly-8-after-trump-vows-more-attacks-on.md) | -2.8% | +8.2% |
| BRENT | 2026-04-09 | [Dollar jumps as failed U.S.-Iran peace talks spark safe-haven push](https://feedsoft.ai/events/11161-dollar-jumps-as-failed-u-s-iran-peace-talks-spark-safe-haven-push.md) | -2.9% | -4.7% |
| BRENT | 2026-02-20 | [Brent rises late, settles higher and with weekly gain on Iran-US jitters \| Reuters](https://feedsoft.ai/events/20772-brent-rises-late-settles-higher-and-with-weekly-gain-on-iran-us-jitters-reuters.md) | -1.7% | +51.7% |
| BRENT | 2022-04-04 | [Oil jumps over 3% as deaths near Kyiv prompt talk of new sanctions \| Reuters](https://feedsoft.ai/events/42019-oil-jumps-over-3-as-deaths-near-kyiv-prompt-talk-of-new-sanctions-reuters.md) | -3.1% | +2.6% |
| BRENT | 2026-07-24 | [Physical oil prices jump with some nearing $110 as Iran, Ukraine wars hit supply - Markets - Business Recorder](https://feedsoft.ai/events/11578-physical-oil-prices-jump-with-some-nearing-110-as-iran-ukraine-wars-hit-supply.md) | -10.4% | -9.4% |
| WTI | 2026-04-02 | [US crude jumps more than 11%, Brent nearly 8% after Trump vows more attacks on Iran \| Reuters](https://feedsoft.ai/events/12724-us-crude-jumps-more-than-11-brent-nearly-8-after-trump-vows-more-attacks-on.md) | -2.2% | +6.1% |
| WTI | 2026-04-09 | [Dollar jumps as failed U.S.-Iran peace talks spark safe-haven push](https://feedsoft.ai/events/11161-dollar-jumps-as-failed-u-s-iran-peace-talks-spark-safe-haven-push.md) | -3.3% | +2.0% |
| WTI | 2026-02-20 | [Brent rises late, settles higher and with weekly gain on Iran-US jitters \| Reuters](https://feedsoft.ai/events/20772-brent-rises-late-settles-higher-and-with-weekly-gain-on-iran-us-jitters-reuters.md) | -2.2% | +44.4% |

## Sources

- oilprice.com: https://oilprice.com/Latest-Energy-News/World-News/Brent-Jumps-3-to-94-as-Iran-Denies-Any-Talks-With-Washington.html

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