๐๐ข Oil futures spike after Iran says it will retain nuclear material Brent rose by 1.4% to $92.76, while WTI crude jumped to $86.53, after Iranian security chief Mohsen Rezaei said that not a single particle of enriched nuclear material would leave the country. ๐ฃ โWe need the enriched material to design ships and submarines that run on nuclear energy,โ Rezaei said. Previously, oil prices fell by more than $3 after US officials played down the need for additional strikes on Iran. Brent and WTI prices have fallen by about 21% and 17%, respectively, since the start of the month amid hopes of an end to the war. ๐ Substack | Chat | @geopolitics_prime