CNBC
12 Nov 2026, 13:49 UTC · 2h ago
Impact · against what's priced in
Oil prices rose on increased geopolitical risk after President Trump indicated a lack of desire for a deal with Iran. This raises the probability of a supply shock via the Strait of Hormuz, benefiting energy producers while increasing costs for energy-intensive industries.
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What the story claims
2 claims · scored −1 bearish … +1 bullish · 2 new · 0 priced in
President Trump stated via Truth Social that a deal with Iran is not needed because the US controls their funds and the Strait of Hormuz.
NewTruth Social post cited in Thursday report
So whatThreats to the Strait of Hormuz transit risk a supply shock that could push Brent toward $100/bbl within weeks.
More positive than 99% of claims this week
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Brent crude prices rose 1.6% to $94.25 per barrel and WTI gained 1.3% to $87.62 per barrel on Thursday.
Newreported on Thursday
So whatThe ~1.5% immediate jump reflects an increase in the geopolitical risk premium for Q4 energy futures.
More positive than 76% of claims this week
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