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

Iranians gather while blocking a street during a protest in Tehran, Iran on January 9, 2026.Crude oil prices rose about 3% on Tuesday, after U.S. President Donald Trump canceled all meetings with Iranian officials and promised protesters that help is on the way. U.S. crude oil rose $1.96, or 3.29%, to $61.46 per barrel by 11:42 a.m. ET. Global benchmark Brent was up $1.99, or 3.12%, to $65.86 per barrel. The Islamic Republic's security forces have cracked down on large-scale demonstrations with hundreds of ...