Energy · Strait of Hormuz · Iran · November 13, 2026

Oil heads for second weekly fall; Brent near $96

Reported by 2 outlets · first reported Nov 12, 12:30 PM ET

Brent crude traded near $96 a barrel and is on course for a second weekly loss. Prices are about 20% below the late-October peak of $118. Trump's remarks on Iran briefly pushed prices up. Europe enters winter with its lowest gas stocks of the decade.

Why it matters

Energy prices drive fuel and heating bills worldwide.

Background

The Iran war has disrupted Gulf supply.

The story so far

1. Nov 5Oil rebounds toward $100 after midweek slump
2. Nov 10Oil falls as Iran hopes grow
3. Nov 13Oil heads for second weekly fall; Brent near $96

Follow the whole story →

Sources

• OilPrice ↗Nov 13, 12:45 AM ET
• OilPrice ↗Nov 12, 12:30 PM ET
• OilPrice ↗Nov 12, 7:00 PM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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