Core Viewpoint - Crude oil prices increased over 2% due to rising tensions involving potential U.S. military strikes on Iran, an OPEC member, which could disrupt crude supplies in the region [1][2]. Group 1: Oil Price Movement - U.S. crude oil rose by $1.56, or 2.5%, reaching $64.77 per barrel [1] - Global benchmark Brent crude increased by $1.59, or 2.3%, to $69.99 per barrel [1] Group 2: U.S. Military Actions - President Trump is considering targeted military strikes on Iranian security forces to encourage anti-government protests and potentially facilitate regime change [1] - The Abraham Lincoln Carrier Strike Group has been deployed to the Middle East as a warning to Iran regarding its nuclear program [2] Group 3: Iranian Unrest - Iran has initiated a security crackdown to suppress protests, resulting in thousands of deaths [2] - The oil market is closely observing the situation, as unrest and possible U.S. intervention could lead to supply disruptions [2]
Oil prices rise more than 2% as Trump weighs strikes on Iran
CNBC·2026-01-29 13:24