# Oil prices rise after Trump says no Iran deal needed: 'We've got their Strait'

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4 outlets covering · First listed: CNBC, Nov 12, 2026, 7:49 AM · Read it: <https://www.cnbc.com/2026/11/12/oil-prices-jump-after-trump-says-no-iran-deal-needed-weve-got-their-strait.html>

Oil prices were mixed on Thursday, after the latest comments from President Donald Trump raised worries that an end to the U.S.-Iran war was not in sight.

## Who's covering it

In the order they published:

- Nov 11, 2026, 6:06 AM: [Trump says "we don't need a deal with Iran"](<https://www.cbsnews.com/live-updates/iran-war-us-nuclear-strait-of-hormuz/>) — CBS News (TV network, United States, rated Lean left)
  President Trump says the war with Iran has been won and "we don't need a deal," as Tehran sticks to its demands and continues attacking ships.
- Nov 12, 2026, 7:14 AM: [Oil Rises After Trump Declares US Doesn’t Need a Deal With Iran](<https://www.bloomberg.com/news/articles/2026-11-12/oil-jumps-after-trump-says-us-doesn-t-need-deal-with-iran>) — Bloomberg (Business & finance, United States, rated Center)
  Oil edged higher after President Donald Trump said that the US could forgo a deal with Iran, dimming prospects for a breakthrough to end the war that has roiled Middle East supplies.
- Nov 12, 2026, 7:49 AM: [Oil prices rise after Trump says no Iran deal needed: 'We've got their Strait'](<https://www.cnbc.com/2026/11/12/oil-prices-jump-after-trump-says-no-iran-deal-needed-weve-got-their-strait.html>) — CNBC (Business & finance, United States, rated Center)
  Oil prices were mixed on Thursday, after the latest comments from President Donald Trump raised worries that an end to the U.S.-Iran war was not in sight.
- Nov 12, 2026, 2:36 PM: [Trump says the U.S. doesn’t ‘need’ a deal with Iran](<https://www.nbcnews.com/politics/donald-trump/us-doesnt-need-peace-deal-iran-vance-corruption-trump-rcna609027>) — NBC News (TV network, United States, rated Lean left)
  President Donald Trump said that the U.S. doesn’t need a deal with Iran despite repeatedly stating in the run-up to the midterm elections that one could be reached.
