CommoditiesMedium•13 November 2026•
1 min read
Brent Crude Surges Past $95 Following Trump's Comments on Iran
Key Facts
1Brent crude futures rose above $95 per barrel after President Trump stated Washington does not need a deal with Iran.
Brent crude futures rose above $95 per barrel after President Donald Trump stated that Washington does not need a deal with Iran. BW Businessworld reported that prices reached approximately $95.70 per barrel following the President's remarks regarding US control over Iranian finances and strategic maritime straits.
The rhetoric has reignited fears of prolonged supply disruptions and geopolitical escalation in the Middle East, particularly concerning shipping through the Strait of Hormuz. Despite the recent surge, global benchmarks remain on track for a second consecutive weekly decline, with Brent having fallen nearly 20% during November.