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Oil Jumps After Trump Says US Doesn’t Need Deal With Iran

Bloomberg Markets Thursday 12 November 2026, 13:14 UTC By Grant Smith 1 min read
Key Points

Energy Oil Jumps After Trump Says US Doesn’t Need Deal With Iran Oil rose, erasing earlier losses, after President Donald Trump said that the US doesn’t need a deal with Iran, leaving the conflict that has roiled Middle East supplies unresolved. Brent crude futures climbed 1.4% to trade above $94 a barrel in London. The global benchmark had earlier traded lower on signs of resurgent oil supplies from Saudi Arabia.

Energy Oil Jumps After Trump Says US Doesn’t Need Deal With Iran Oil rose, erasing earlier losses, after President Donald Trump said that the US doesn’t need a deal with Iran, leaving the conflict that has roiled Middle East supplies unresolved. Brent crude futures climbed 1.4% to trade above $94 a barrel in London. The global benchmark had earlier traded lower on signs of resurgent oil supplies from Saudi Arabia.
Trump (ORG) US (LOCATION) Iran (LOCATION) Donald Trump (PERSON) Middle East (LOCATION) Brent (PERSON) London (LOCATION) Saudi Arabia (LOCATION)
Originally published by Bloomberg Markets Read original →

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