Iran Protests Put Supply Risk Back on the Oil Radar

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Iran protests and tempered Venezuela expectations have lifted Brent oil prices to $63 a barrel, putting potential supply disruptions back on the agenda and adding to the bullish start of 2026.

Market Impact

Market impact analysis based on bullish sentiment with 90% confidence.

Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term

Article Context

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Iran unrest and tempered Venezuela expectations lifted Brent toward $63 a barrel. Friday, January 09, 2026 Iran protests have added some impetus to 2026’s heretofore surprisingly bullish start, putting potential supply disruptions back on the agenda. Moreover, the failure of the Trump government to entice US oil majors to invest in Venezuela and Treasury Secretary Bessent’s call for ‘wildcatters’ to drill there soothed some concerns that Venezuela’s oil production could soar in the near term. As such, ICE Brent is…

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Original article published by OilPrice.com on January 9, 2026.
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