Brent crude rises over 1.6% on ICE after Trump’s remarks on Iran deal

Detailed summary

The increase followed a statement by Donald Trump that the United States no longer needs to reach a deal with the Islamic Republic

MOSCOW, November 12. /TASS/. Brent crude futures for January 2027 delivery rose by more than 1.6% on London’s ICE exchange, according to trading data. The increase followed a statement by US President Donald Trump on Truth Social that the United States no longer needs to reach a deal with Iran.

Before Trump’s remarks, Brent was down 0.74% at $92.07 per barrel, according to trading data as of 4:05 p.m. Moscow time. By 4:12 p.m. Moscow time, following his statement, Brent had reversed course to gain 1.66% to $94.30 per barrel, while WTI crude futures for December delivery were up 1.32% at $87.67 per barrel.

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