empty
 
 

2026.11.0307:05:16UTC+00Brent Rises on Fresh US Strikes Against Iran

Brent crude rose above $106 per barrel on Tuesday, recouping part of the previous session’s losses after reports of a US strike on Iran’s Qeshm Island. The reported attack appears to be the latest in a series of limited military operations allegedly conducted by Washington while diplomatic negotiations continue.

The move followed Monday’s steep drop of more than 7% in the international oil benchmark, after signs of progress in US-Iran talks eased fears of further supply disruptions. Iran’s Foreign Ministry spokesperson Esmail Baghaei said that “the ball is in the US court” regarding a possible agreement to end the conflict, while US President Donald Trump asserted in a social media post that Tehran was eager to reach a settlement as quickly as possible.

These developments come as the US midterm elections begin, with the Trump administration and the Republican Party facing mounting political pressure over rising energy costs linked to the Iran conflict.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback