Argentina · Story · Markets
Rising oil prices amid Middle East tensions
Oil prices have surged due to geopolitical tensions and stalled US-Iran talks, impacting energy costs globally.
Running story — the local press covered it again on 11 November 2026.
The story so far as of 11 November 2026
On 8 October, oil prices surged over 3% as Brent crude surpassed USD 105 per barrel due to geopolitical tensions in the Middle East, including potential US military actions in Iran and a storm in the Gulf of Mexico. On 11 November, oil prices continued to rise amid stalled diplomatic talks between the United States and Iran, with Brent crude reaching $92.76 and WTI at $86.53. The situation escalated after Iran threatened European bases, leading to increased market volatility and concerns over future supply disruptions.
Flare-up watch: Calm (0.9) · How this is judged → · All Argentina briefings →
Coverage, day by day
- Markets
Oil prices rise amid US-Iran diplomatic standoff
Impact Energy importers and industries reliant on oil face higher costs due to rising global oil prices.
Sources: Clarin ↗
- Markets
Oil prices rise over Middle East tensions
Impact Energy importers face higher costs as oil prices rise, affecting fuel and transportation expenses.
Sources: Clarin ↗
Sources in this story
- Clarin 2
Sources: each headline links to the original article on the publisher's site.