Brent price today jumps toward two-month high as Iran unrest flares; oil-stock investors watch CPI, Venezuela flows
London, January 13, 2026, 12:05 GMT — Regular session Brent crude futures climbed $1.06, or 1.7%, reaching $64.93 a barrel by 0934 GMT on Tuesday, near levels not seen since mid-November amid renewed worries about Iran’s exports. U.S. West Texas Intermediate rose $1.02, also 1.7%, to $60.52. John Evans, an analyst at PVM Oil Associates, noted the market is factoring in some price protection against geopolitical risks, while Barclays estimates that unrest in Iran has tacked on roughly $3-$4 a barrel in geopolitical “risk premium”—the added cost traders accept to hedge against supply disruptions. (Reuters) Brent prices have surged over