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Brent crude rose back to about $96 a barrel as Israeli pressure to resume strikes on Iran intensified and Trump signaled he does not need a deal with Tehran. Houthi strikes on Saudi pumping stations also weighed on sentiment.
Renewed Middle East supply risk lifts diesel and energy input costs for feed mills, freight and fertilizer, and can pull vegetable oils and biofuel-linked feedstocks higher as crude rises.
oilprice.comMichael KernNov 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.
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.
