Brent crude price rebounds toward $65 on Trump Iran warning and Kazakhstan outage
Brent crude rose 1.2% to $64.82 a barrel by 1026 GMT Friday after U.S. President Trump warned of an “armada” heading toward Iran and Kazakhstan’s Tengiz oilfield remained shut. Brent had dropped 1.8% the previous session on easing geopolitical tensions and rising U.S. inventories. Kazakhstan’s force majeure on CPC Blend shipments may last 7–10 days. Traders await the U.S. petroleum status report on Jan. 28.