Brent crude hits $107.83 amid Iran-U.S. tensions

Thus, the November Brent crude oil futures rose by 1.6% to $99 per barrel, and November WTI futures increased by 1% to $93.44 per barrel.

Consensus

Prices for Brent crude oil rose on Monday.
Prices for WTI crude oil rose on Monday.
U.S. President Donald Trump rejected Iran's de-escalation plan.
Iran offered to restore shipping through the Strait of Hormuz.
The proposal involved lifting the U.S. naval blockade in exchange for the release of frozen assets.
Iran's Foreign Minister Abbas Arakchi stated that no official notification of the U.S. rejection was received through intermediaries.
Market analysts linked the oil price increase to the geopolitical tension following Trump's rejection.

Brent crude reached $107.83 per barrel by 14:34 MSK on Monday. — interfax
WTI crude reached $95.74 per barrel by 14:34 MSK on Monday. — interfax
Brent crude reached $107.26 per barrel by 08:15 MSK on Monday. — kommersant
WTI crude reached $94.12 per barrel by 08:15 MSK on Monday. — kommersant
Brent crude reached $99 per barrel by 28 September. — vesti
WTI crude reached $93.44 per barrel by 28 September. — vesti
The increase in oil prices was partly due to a global supply deficit despite increased oil flow through the Strait of Hormuz. — interfax
No mention of global supply deficit or oil flow through the Strait of Hormuz affecting prices. — kommersant
Trump did not rule out a ban on diesel exports from the U.S. — vesti