# Brent futures broadly flat amid Gulf supply concerns

> Brent futures were broadly flat on November 13, trading up 0.7% at $95.89 a barrel mid-morning in Europe. Investors weighed the risk of supply disruption in the Strait of Hormuz against uncertain US talks with Iran. Trump said an agreement with Tehran was unnecessary, dampening hopes for an imminent deal.

- Date: 2026-11-13 · published 2026-11-13T12:10:26.488Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/97676-brent-futures-broadly-flat-amid-gulf-supply-concerns
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Persistent Hormuz risk keeps crude and energy costs elevated, which feeds into diesel, fertilizer and freight costs for feed production. Without a deal, prices stay supported near current levels.

## Read by commodity

- BRENT: neutral
- DIESEL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-07-13 | [Oil falls for second week as supply concerns ease](https://feedsoft.ai/events/10098-oil-falls-for-second-week-as-supply-concerns-ease.md) | -1.4% | -2.7% |
| BRENT | 2018-07-13 | [Oil rises but declines for the week as supply concerns ease](https://feedsoft.ai/events/10095-oil-rises-but-declines-for-the-week-as-supply-concerns-ease.md) | -1.4% | -2.7% |
| BRENT | 2024-08-30 | [Supply Dynamics Back In Focus  Amid Prospect Of Iraq Cuts...](https://feedsoft.ai/events/28692-supply-dynamics-back-in-focus-amid-prospect-of-iraq-cuts.md) | -8.9% | -10.4% |
| BRENT | 2025-10-28 | [The Commodities Feed: Sanction concerns boost diesel prices \| ING THINK](https://feedsoft.ai/events/22596-the-commodities-feed-sanction-concerns-boost-diesel-prices-ing-think.md) | -0.4% | -2.2% |
| BRENT | 2023-11-03 | [Natural gas, LNG markets clutch onto risk premium despite ample supply](https://feedsoft.ai/events/6391-natural-gas-lng-markets-clutch-onto-risk-premium-despite-ample-supply.md) | -8.0% | -6.4% |
| DIESEL | 2026-03-24 | [Big drop in diesel futures Monday, but benchmark price rises again - FreightWaves](https://feedsoft.ai/events/8538-big-drop-in-diesel-futures-monday-but-benchmark-price-rises-again-freightwaves.md) | +7.5% | -8.1% |
| DIESEL | 2025-06-12 | [Market Talk \| Biggest Rally of the Year Stalled Amid Middle East Tensions](https://feedsoft.ai/events/7759-market-talk-biggest-rally-of-the-year-stalled-amid-middle-east-tensions.md) | +15.5% | +8.7% |
| DIESEL | 2017-05-26 | [OPEC cut unlikely to move U.S. diesel prices - FreightWaves](https://feedsoft.ai/events/71182-opec-cut-unlikely-to-move-u-s-diesel-prices-freightwaves.md) | -4.4% | -11.5% |

## Sources

- borsaitaliana.it: https://www.borsaitaliana.it/borsa/notizie/radiocor/finance/dettaglio/brent-futures-broadly-flat-amid-gulf-supply-concerns-nRC_13112026_1046_267135931.html?lang=en

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