
Iran protests raise oil supply fears as energy workers join strikes
Brent crude holds above $62 per barrel as nationwide unrest in Iran enters its third week, with workers at South Pars joining strikes amid a violent crackdown.

Brent crude holds above $62 per barrel as nationwide unrest in Iran enters its third week, with workers at South Pars joining strikes amid a violent crackdown.
WTI crude rebounds to $58.70 per barrel after a larger-than-expected 3.8 million barrel drop in US stockpiles counters oversupply fears.
President Trump says Venezuela will turn over 30 to 50 million barrels of crude oil to the US, worth up to $2.8 billion, following the capture of President Maduro.
American oil and gas companies are shifting investment toward natural gas as LNG export capacity expands, with exports set to rise nearly 40% from 2024 levels amid growing global demand.
US gasoline prices are expected to average just $2.97 per gallon in 2026, marking the first sub-$3 annual average since 2020 as oil oversupply weighs on markets.
The oil cartel maintains output levels through Q1 2026 as Saudi-UAE friction and Venezuela crisis add uncertainty to already oversupplied markets.
Despite US military action in Venezuela and the capture of President Maduro, oil prices remain subdued as analysts point to the country's small share of global supply.