Brent closed Thu 12 Nov at $96.09, up 3.8%
The story that best fits the day: Three Tankers Attacked in Two Days in Strait of Hormuz Crisis.
What moved Brent oil on Thursday 12 November 2026
Brent closed Thu 12 Nov at $96.09, up 3.8%. The story that best fits the day: Three Tankers Attacked in Two Days in Strait of Hormuz Crisis.
Three Tankers Attacked in Two Days in Strait of Hormuz Crisis
The Gulf carries about a fifth of the world's oil. Any threat to those flows means less supply, which pushes oil up.
Effect: right now
Brent rose 0.04% in the next hour, as the verdict suggested.
Brent $96.05 when this landed Read at The Maritime Executive
Oil prices rise after Iran reports strikes
Fighting in the Gulf puts oil supply at risk, so traders pay more for oil now.
Effect: right now
Brent rose 0.04% in the next hour, as the verdict suggested.
Brent $96.05 when this landed Read at investingLive
Southern Iran’s Sirik attacked, IRNA cites official sources as saying
Fighting in the Gulf puts oil supply at risk, so traders pay more for oil now.
Effect: right now
Brent rose 0.79% in the next hour, as the verdict suggested.
Brent $95.30 when this landed Read at Arab News
Tanker Ablaze Off UAE as More Attacks Rattle Gulf Shipping
The Gulf carries about a fifth of the world's oil. Any threat to those flows means less supply, which pushes oil up.
Effect: right now
Brent $94.51 when this landed Read at gCaptain
Brent up 2.1% today, now $94.51
Up $1.98 since the last close. The stories that fit this move:
- Iran says two oil tankers carrying over four million barrels ablaze in Hormuz Strait Hellenic Shipping News
- Four tankers struck by explosions in Strait of Hormuz, Iran says Investing.com Commodities
- Crude oil turns higher as Trump says no Iran deal needed Seeking Alpha
Iran says two oil tankers carrying over four million barrels ablaze in Hormuz Strait
The Gulf carries about a fifth of the world's oil. Any threat to those flows means less supply, which pushes oil up.
Effect: right now
Brent rose 0.84% in the next hour, as the verdict suggested.
Brent $94.51 when this landed Read at Hellenic Shipping News
Crude oil inventories rise unexpectedly, pressuring prices
US oil stocks rose, a sign of weak demand or plenty of supply. That usually pushes oil down.
Effect: right now
Brent rose 0.52% in the next hour, against the verdict.
Brent $94.02 when this landed Read at Investing.com Economy
1 more on this
Coming in 15 minutes: US oil stocks report (EIA)
- Expected -0.6M
- Last time -0.9M
- Weekly change in US oil in storage
A bigger fall in stocks than expected usually lifts oil. A bigger rise usually pushes it down.
Four tankers struck by explosions in Strait of Hormuz, Iran says
The Gulf carries about a fifth of the world's oil. Any threat to those flows means less supply, which pushes oil up.
Effect: right now
Brent rose 0.30% in the next hour, as the verdict suggested.
Brent $93.74 when this landed Read at Investing.com Commodities
Brent jumped $1.68 in about 60 minutes, now $93.79
From about $92.11 at
Likely reason
Crude oil turns higher as Trump says no Iran deal needed Seeking Alpha
Traders fear the Iran conflict will cut oil supply, so they are paying more for oil now.
Effect: right now
Crude oil turns higher as Trump says no Iran deal needed
Traders fear the Iran conflict will cut oil supply, so they are paying more for oil now.
Effect: right now
Brent rose 1.82% in the next hour, as the verdict suggested.
Brent $92.11 when this landed Read at Seeking Alpha
EU, UK move to delay 10% EV tariff after industry pushback - report
Easing trade fights helps the world economy, which means more demand for oil.
Effect: over the coming months
Brent $91.75 when this landed Read at Seeking Alpha
1 more on this
Morning brief for Thu 12 Nov: Brent about $91.93
Where Brent oil is
- About $91.93, down $0.60 (−0.6%) since the last close.
What happened
- Bullish: Iran attacks shipping navigation systems on Oman’s Didamar island, sources say
- Bullish: Iran tells COP31 it wants compensation for environmental damage from US-Israeli strikes
- Bullish: Brent Jumps Nearly 3% as Iran Denies Any Talks With Washington
- Bullish: Saudi Crude Output Jumps 26% as Riyadh Reports Near Pre-War Production
Coming up
- : US oil stocks report (EIA) (Expected -0.6M, last time -0.9M)
Oil prices dip on report of more U.S.-Iran diplomacy plans
Traders are betting on an easing of the Iran conflict, which would let more oil flow and removes the risk of a supply cut.
Effect: right now
Brent fell 0.24% in the next hour, as the verdict suggested.
Brent $92.45 when this landed Read at Investing.com Commodities
2 more on this
- Oil Resumes Decline as Risk Premium Fades WSJ Markets
- Oil prices drop more than $1 as hopes for Iran, Ukraine peace talks pressure markets Investing.com Commodities
FUJAIRAH DATA: Oil product stockpiles drop for first time in four weeks
US oil stocks came in lower than traders expected, a sign of tight supply or strong demand. That usually lifts oil.
Effect: right now
Brent rose 0.14% in the next hour, as the verdict suggested.
Brent $92.53 when this landed Read at Hellenic Shipping News