International oil prices soar as Trump says there is no need for an agreement with Iran... Brent crude oil 3.3%↑

On the 12th (local time), international oil prices soared as expectations for negotiations between the United States and Iran waned.

On this day, on the ICE Futures Exchange in London, Brent crude oil futures for January delivery ended trading at $95.82 per barrel, up 3.30% from the previous trading day.

On the New York Mercantile Exchange, U.S. West Texas Intermediate (WTI) crude oil futures for December delivery closed at $88.74 per barrel, up 2.55% from the previous day.

On this day, the market reacted strongly to U.S. President Donald Trump's hardline remarks against Iran.

President Trump said on TruthSocial that he had instructed Vice President JD Vance, who had been seeking a deal with Iran, to focus on other work, saying, "We do not need an agreement with Iran."

Tensions also increased in the Middle East.

Iranian military authorities announced that two oil tankers passing through an 'unauthorized' route in the Strait of Hormuz suffered an explosion while sailing, resulting in the suspension of operations.

Yemen's pro-Iranian rebel Houthis announced that they had attacked Saudi Arabia's east-west oil pipeline and oil facilities in Yanbu on the Red Sea coast with drones, raising concerns about disruption in crude oil supply.