Oil prices rise 3% after Trump cancels meetings with Iran, tells protesters help is on the way

Group 1 - Crude oil prices increased approximately 3% following U.S. President Trump's cancellation of meetings with Iranian officials and his support for protesters [1] - U.S. crude oil rose by $1.96, or 3.29%, reaching $61.46 per barrel, while global benchmark Brent increased by $1.99, or 3.12%, to $65.86 per barrel [1] - The unrest in Iran, characterized by large-scale demonstrations and a government crackdown, raises concerns about potential disruptions in oil supply [2][3] Group 2 - The Iranian government has restricted Internet access, complicating the verification of the situation on the ground amid reports of hundreds of deaths [2] - President Trump has threatened intervention if the Iranian government continues to harm protesters, emphasizing the potential for significant consequences for Iran [2][3] - Iran's status as a major crude oil producer and OPEC member makes the oil market particularly sensitive to developments in the region [3]