Macro Finance
Oil Rises After Trump Says the US Doesn’t Need a Deal With Iran
Bloomberg Markets·November 12, 2026·1 min read
Oil prices rose after President Donald Trump said the US doesn't need a deal with Iran, dimming prospects for a breakthrough to end the war that has roiled Middle East supplies. The comments suggest continued disruption to crude flows from the region, supporting higher energy prices. Markets reacted immediately to the geopolitical statement.
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