NEW YORK, Nov 11 (Reuters) - Oil prices rose about 1% on Wednesday after the Iranian security chief said Iran would not allow any enriched nuclear material to leave the country, feeding supply worries that lifted prices off two-month lows hit the previous session.
The United States has said nuclear issues must be part of any initial negotiations with Iran aimed at ending their war.
Brent futures settled $1.27, or 1.39%, higher at $92.76, while US West Texas Intermediate crude gained 49 cents, or 0.57%, to $86.53.
In the previous session, oil prices initially fell by more than $3 a barrel after US officials played down the need for further military strikes against Iran. Prices later pared some losses after an Iranian security official said no talks were taking place between the two sides.
"Oil prices are being supported by fading hopes of an imminent de-escalation," UBS analyst Giovanni Staunovo said.