Oil price rises to $66 per barrel amid potential Iran supply disruptions
[NigerianEye - Nigeria] - 14/01/2026
Crude oil prices rose on Wednesday as markets grew concerned about potential disruptions to Iranian supply amid fears of a US strike on Iran and possible Iranian retaliation targeting US regional interests. Brent crude rose by 1.13 percent to $66.21 a barrel while US West Texas Intermediate crude oil increased by 1.05 percent to $61.79 a barrel. According to Reuters, earlier today, Tehran, the country’s capital, warned neighbours hosting US troops that it would hit American bases if Washington strikes — a move to deter US President Donald Trump’s threats to intervene on behalf of (…)
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