# Brent Crude Rises on Uncertainty Over US-Iran Diplomacy

> Brent crude rose to around $96 a barrel on Thursday, extending gains for a second session after hitting a ten-week low of $91.5 on November 10. Prices climbed after President Trump said the US no longer needs a deal with Iran, while Iran signalled it would not remove enriched nuclear material from the country.

- Date: 2026-11-12 · published 2026-11-12T21:09:44.202Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/96496-brent-crude-rises-on-uncertainty-over-us-iran-diplomacy
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Oil is an input to diesel, freight and fertilizer costs for feed production, so renewed Middle East supply risk supports energy and logistics costs. Recovering Gulf output limits the upside.

## Read by commodity

- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-02-05 | [Colombian peso recovers as price of Brent crude rises \| The City Paper Bogotá](https://feedsoft.ai/events/66753-colombian-peso-recovers-as-price-of-brent-crude-rises-the-city-paper-bogota.md) | -7.5% | -5.4% |
| BRENT | 2024-01-30 | [Crude oil prices today: WTI, Brent rise after IMF forecast](https://feedsoft.ai/events/32274-crude-oil-prices-today-wti-brent-rise-after-imf-forecast.md) | -5.5% | +0.1% |
| BRENT | 2026-04-30 | [Global energy costs rise as Iran war affects Brent crude oil price \| AP News](https://feedsoft.ai/events/19893-global-energy-costs-rise-as-iran-war-affects-brent-crude-oil-price-ap-news.md) | -15.3% | -21.9% |
| BRENT | 2026-10-29 | [Brent moves lower as US Fed maintains interest rates](https://feedsoft.ai/events/17041-brent-moves-lower-as-us-fed-maintains-interest-rates.md) | -5.4% | — |
| BRENT | 2023-12-14 | [U.S. crude oil rises 3% on weaker dollar, slightly improved 2024 demand outlook](https://feedsoft.ai/events/32887-u-s-crude-oil-rises-3-on-weaker-dollar-slightly-improved-2024-demand-outlook.md) | +8.4% | +6.6% |

## Sources

- tradingeconomics.com: https://tradingeconomics.com/commodity/brent-crude-oil/news/600864

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