Crude oil price today: Brent, WTI rebound after 4% drop as Iran strike fears ease
London, January 16, 2026, 11:57 GMT — Regular session Oil prices nudged up on Friday, recovering after a steep drop the previous day as traders balanced persistent supply concerns with dwindling hopes of imminent U.S. military strikes on Iran. By 1000 GMT, Brent crude climbed 50 cents, or 0.78%, reaching $64.26 a barrel and looked set for its fourth weekly…