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Oil held gains after Trump said the US could forgo a deal with Iran, dimming prospects for ending the war. Brent traded below $96 after rising 3.3% on Thursday, and WTI was near $88.
Lower odds of a diplomatic deal keep Middle East supply disruption risk alive, supporting crude and diesel costs that flow into feed transport and processing.
moneyweb.co.zaKanoko Matsuyama, BloombergNov 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.
