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Brent rose 0.7% to $96.55 and WTI to $88.92 after Trump said the US does not need a deal with Iran and asked Vice-President Vance to focus on domestic issues. The Iranian Revolutionary Guard Corps Navy said an LNG tanker struck a naval mine in the Strait of Hormuz.
Amsterdam gas prices jumped 4.6% to 96.5 euros per megawatt-hour.
A mined LNG carrier and reduced diplomacy odds raise supply risk for crude and gas, lifting energy and fertilizer costs for feed producers. Higher European gas prices also tighten nitrogen fertilizer supply.
en.ilsole24ore.comNov 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.
After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% 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.
