News

๐Ÿ‡ฎ๐Ÿ‡ท Brent Dec jumps to $111 and WTI Dec tops $100 as Iran denies any diplomatic progress

October 21, 2026 · 2 min read · Pardip Bansal

๐Ÿ‡ฎ๐Ÿ‡ท Brent Dec jumps to $111 and WTI Dec tops $100 as Iran denies any diplomatic progress

  • ๐Ÿ‡ฎ๐Ÿ‡ท December Brent rose more than $2 to a session high near $111.25 and December WTI pushed through $100, per newswires (), on Iran denying any diplomatic progress and falling US oil inventories
  • ๐Ÿ‡ฎ๐Ÿ‡ท Iran's foreign minister said Tehran is ready for diplomacy but will defend itself, per newswires

FO view: Gold and equities are not following yet, so it reads as a crude supply premium rather than broad risk-off; the settle against 110 remains the score.

Not investment advice.

FILED UNDER News