# Trump Says U.S. Does Not Need Iran Deal as Oil Prices Jump

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/55432
Published: 2026-11-12T13:17:47.000Z
Updated: 2026-11-12T13:17:47.000Z
Section: Investing

> U.S. and Brent crude briefly gained nearly $2 after the president said the time for an agreement had passed.

U.S. crude and Brent crude prices briefly climbed nearly $2 after President Donald Trump said the United States does not need an agreement with Iran, putting his latest remarks on the country alongside a sharp short-term move in oil markets.

Trump wrote on Nov. 12 that the time for an agreement with Iran had passed. He also claimed the United States held hundreds of billions of dollars belonging to Iran and controlled the country’s straits.

The same post focused on U.S. domestic politics. Trump said he had asked the vice president to focus on what he described as widespread corruption and crime in Democratic-led cities and states. He named Minnesota, California and Illinois, called their governance poor and alleged that tens of billions of dollars were stolen each month. Trump argued that addressing the alleged criminal activity could quickly balance the budget.

The Iran statement was one part of a post that paired a foreign-policy position with domestic claims about crime and the budget.