Oil prices: Iran’s Guards claim strike on US radar in Bahrain, warn firms over Hormuz oil trade
The claim is unverified, but it adds to the geopolitical risk premium in crude following a week in which Brent and WTI declined roughly 7%. The claim is unverified, but the warning to firms over Hormuz oil shipments is the part oil dealers should watch.
In this article
On the oil prices front, the claim is unverified, but it adds to the geopolitical risk premium in crude following a week in which Brent and WTI declined roughly 7%, according to investingLive. The claim is unverified, but the warning to firms over Hormuz oil shipments is the part oil dealers should watch.
Inside the Oil prices story
Light speculative positioning means a verified escalation could trigger a sharp short-covering bounce. Higher oil would also feed inflation fears and support Fed hike expectations.
Why oil prices matters for traders
Oil prices affect inflation, company costs and the currencies of major producers and importers. Moves in crude often spill over into the Canadian dollar, Norwegian krone and energy stocks.
Supply decisions, inventory data and geopolitical risks can move crude quickly, and higher energy prices can complicate the job of central banks fighting inflation.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-13 03:07 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 70,113.13 | -5.04% | 73,884.01 | 69,900.00 |
| Ethereum (ETH) | 1,987.44 | -3.40% | 2,057.58 | 1,974.94 |
| Cardano (ADA) | 0.1716 | -1.10% | 0.1757 | 0.1673 |
On the currency side, the latest ECB daily reference rates (2026-11-12) show EUR/USD 1.1081, GBP/USD 1.3256, AUD/USD 0.6821, NZD/USD 0.5556, USD/JPY 159.7, USD/CHF 0.8331, USD/CAD 1.4249, USD/CNY 6.6683. These are reference fixes, not live quotes.
What to watch next for oil prices
Watch for OPEC+ supply decisions, weekly inventory reports, demand signals from major economies and any geopolitical developments in producing regions.
Key scheduled releases on the economic calendar:
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
Follow every update in our Top 10 Forex News Today, read ByteDance plans $6bn share buyback at around $400 billion valuation, up 20% in a year or see all of today's top market news.
FAQ
What is the latest oil prices news?
The claim is unverified, but it adds to the geopolitical risk premium in crude following a week in which Brent and WTI declined roughly 7%.
What drives oil prices?
Crude prices depend on supply from OPEC+ and other producers, global demand, inventory levels and geopolitical risk in key producing regions.
Where does this information come from?
This report is based on coverage from investingLive, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
