Brent jumps nearly 4% as Iran denies talks with Washington: Nov 13, 2026
Brent jumped nearly 3% to 4% and rose about $3 per barrel after Iran denied any talks with Washington, with Iran tensions and uncertainty around Ukraine talks cited. The move comes as Middle East tensions counter rising global crude supply, including Saudi production surging to one of its highest levels in years. Oil had been heading for a two-month low as Middle East output rose, while a 'no war, no peace' backdrop keeps escalation risks elevated.
Updated
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Headlines (9)
Carried over from earlier days
- Brent crude futures rise $3 per barrel on Iran tensions and Ukraine talks uncertaintyflash.jin10.com
- Brent Jumps Nearly 3% as Iran Denies Any Talks With WashingtonOilPrice.com
- Midterms strip out the war premium, but the next two months make shorts a risky betHellenic Shipping News
- Oil heads for two-month low as Middle East output risesgulfnews.com
- Oil supply recovers, but 'no war, no peace' keeps escalation risks elevatedhome.saxo
- Saudi Oil Production Surges to One of Highest Levels in Yearsrigzone.com
- Oil prices rebound as Middle East tensions counter rising global crude supplyoilandgas360.com
- Oil Rises as Trump Dims Iran Deal Hopesrigzone.com
- US stocks fall as Nvidia closes down over 4%, Brent jumps nearly 4%, gold falls over 3%, Huang resignswallstreetcn.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, November 13 | ||
| New Home Prices m/m | CNY | |
| New Loans | 80B | CNY |
| M2 Money Supply y/y | 7.2% | CNY |
| PPI m/m | 0.4% | USD |
| Core PPI m/m | 0.3% | USD |
| Wholesale Sales m/m | 0.5% | CAD |
| Manufacturing Sales m/m | 0.1% | CAD |
| FOMC Member Collins Speaks | USD | |