Iran oil supply disruption concerns trigger global price rally
Oil prices rally as Iran oil supply disruption concerns grow. Brent hits $82 amid geopolitical tensions, impacting global inflation forecasts for 2026.
Your commute's about to get more expensive. Global oil prices just spiked on fears that Iran might cut off the taps. According to Reuters, traders are on high alert as January 13, 2026, sees a significant shift in market sentiment.
Iran oil supply disruption concerns and Market Impact
The energy market is currently fixated on potential bottlenecks in the Middle East. Any instability within Iran or surrounding waters could lead to a severe supply crunch. Brent crude futures rose by 1.5% to $82.40 per barrel, while WTI followed a similar upward trajectory.
Supply Anxiety vs. Growing Reserves
It’s not all one-way traffic, though. News of a 2 million barrel increase in US crude inventories has acted as a temporary brake on the rally. Analysts suggest that the tug-of-war between geopolitical risk and surplus production will keep volatility high.
| Category | Current Price (Per Barrel) | Weekly Change |
|---|---|---|
| Brent Crude | $82.40 | +2.1% |
| WTI | $77.15 | +1.8% |
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