Brent Jumps Nearly 3% as Iran Denies Any Talks With Washington

m. , as Iran denied it is negotiating with Washington and analysts saw no near-term end to the war. S. 1%. The gains came as Saudi Arabia reported October output near pre-war levels. Since the start of November, Brent had lost about 21% and WTI about 17% on bets that the war was winding down.

Iran’s top security official, Mohsen Rezaei, denied that talks with Washington are under way and called reports of a recent meeting in Qatar “pure lies” spread to push down oil prices. S. of conducting diplomacy through threats, and Secretary of State Marco Rubio has rejected Iran’s demand for war reparations. S. and Iran escalate and too high if they sign a deal.