Oil Rises for a Third Day as Focus Shifts to Iranian Protests

Bloomberg.com · last updated January 11, 2026 – 5:29 PM

Oil held its biggest two-day gain since October, as escalating protests in Iran threatened supply from OPEC’s fourth-biggest producer.

Brent climbed toward $63 a barrel after jumping almost 6% over Thursday and Friday, while West Texas Intermediate was near $59. US President Donald Trump said that the US is closely monitoring the protests in Iran and is mulling potential options as the Islamic Republic faces its third week of nationwide protests, the largest since 2022.

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