Brent rises to $92.77 after Iranian remarks
By the AFREEQUE newsroom, based on La Presse de Tunisie
Oil prices rebounded by about 1% on 11 November 2026, with Brent gaining 1.4% to $92.77 a barrel and WTI 0.9% to $86.80. The rise followed comments by Iranian security official Mohsen Rezaei ruling out the removal of enriched uranium from Iran, according to La Presse de Tunisie.
Brent futures rose $1.28, or 1.4%, to $92.77 a barrel on Wednesday 11 November 2026, after reaching their lowest level in two months the previous day. The oil market reacted to statements by Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, saying that Tehran would not allow enriched nuclear materials to leave Iranian territory, according to La Presse de Tunisie.
West Texas Intermediate (WTI), the US benchmark, gained 76 cents, or 0.9%, to $86.80 a barrel. Prices had initially fallen by more than three dollars after US officials played down the need for military strikes against Iran, before recovering some of their losses after an Iranian security official denied that talks were taking place between Tehran and Washington, according to La Presse de Tunisie.
The move comes as Iran refuses any removal of its enriched uranium and attacks in Hormuz continue, two developments reported on 11 November.
