# Oil holds gain as Trump says US doesn't need a deal with Iran

> 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.

- Date: 2026-11-13 · published 2026-11-13T06:09:38.753Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/97204-oil-holds-gain-as-trump-says-us-doesn-t-need-a-deal-with-iran
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-07-08 | [LatAm assets slide with global markets after Trump says Iran deal 'over' \| MarketScreener](https://feedsoft.ai/events/18630-latam-assets-slide-with-global-markets-after-trump-says-iran-deal-over.md) | +15.4% | +13.5% |
| BRENT | 2019-06-20 | [US oil surges to $56.65 after Trump says Iran made a 'mistake'](https://feedsoft.ai/events/12317-us-oil-surges-to-56-65-after-trump-says-iran-made-a-mistake.md) | +7.0% | +2.1% |
| BRENT | 2026-05-01 | [U.S. oil hovers near $100 on report Trump dissatisfied with Iran's proposal to open Hormuz](https://feedsoft.ai/events/19901-u-s-oil-hovers-near-100-on-report-trump-dissatisfied-with-iran-s-proposal-to.md) | -15.2% | -22.3% |
| BRENT | 2019-04-22 | [Oil surges as US says it will end Iran sanctions waivers](https://feedsoft.ai/events/9605-oil-surges-as-us-says-it-will-end-iran-sanctions-waivers.md) | +0.4% | +2.4% |
| BRENT | 2018-05-08 | [Oil closes down 2.4% on extreme volume after Trump pulls US out of Iran deal](https://feedsoft.ai/events/65183-oil-closes-down-2-4-on-extreme-volume-after-trump-pulls-us-out-of-iran-deal.md) | +3.6% | -1.8% |
| WTI | 2026-07-08 | [LatAm assets slide with global markets after Trump says Iran deal 'over' \| MarketScreener](https://feedsoft.ai/events/18630-latam-assets-slide-with-global-markets-after-trump-says-iran-deal-over.md) | +12.5% | +7.9% |
| WTI | 2019-06-20 | [US oil surges to $56.65 after Trump says Iran made a 'mistake'](https://feedsoft.ai/events/12317-us-oil-surges-to-56-65-after-trump-says-iran-made-a-mistake.md) | +10.2% | +2.6% |
| WTI | 2026-05-01 | [U.S. oil hovers near $100 on report Trump dissatisfied with Iran's proposal to open Hormuz](https://feedsoft.ai/events/19901-u-s-oil-hovers-near-100-on-report-trump-dissatisfied-with-iran-s-proposal-to.md) | -9.6% | -16.3% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/oil-holds-gain-as-trump-says-us-doesnt-need-a-deal-with-iran/

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