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Oil prices held gains on Friday after Trump said Washington no longer needed a deal with Iran, weakening hopes for a diplomatic end to the conflict. Brent settled 3.4% higher at $95.95 and WTI traded near $88.80.
Trump also told VP JD Vance to shift to domestic priorities rather than Tehran talks.
Persistent Middle East supply risk supports diesel, fuel and energy input costs for feed producers and freight, while a deal would likely push crude lower.
investing.comRoushni NairNov 13, 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.
