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Global oil prices rebounded on November 11, 2026, after Iran said it would not allow enriched nuclear material to be moved out of the country, dampening hopes for easing tensions. Brent crude futures closed at $92.76 a barrel, while Middle East shipping risks and an attack on a Russian port also drew market attention.
Global oil prices edged back up on the morning of November 11 after falling to a two-month low in the previous session, as concerns about Middle East supply disruptions eased. Vietnam’s Ministry of Industry and Trade and Ministry of Finance cut gasoline prices on November 5, reducing E5RON92 by 2,305 dong per liter and E10RON95-III by 2,075 dong per liter.
On November 10, Brent and West Texas Intermediate crude futures closed at their lowest levels since August 31 for a second consecutive session. Reduced prospects of further U.S. military action against Iran eased concerns about Middle Eastern oil supplies, while U.S. inflation data and the outlook for oil demand weighed on prices.
