Oil prices stabilize as Iran tensions ease and Greenland dispute intensifies
Oil prices remained flat on Monday as tensions in Iran eased while a new trade dispute over Greenland emerged. Global markets reacted to conflicting signals.
Insights:
Oil prices stabilized on Monday, January 19, 2026, as the global energy market balanced the easing of tensions in Iran 
IRagainst a brewing diplomatic crisis between the United States 
USand Denmark 
DK. Brent Crude Oil was up one cent or 0.02% at $64.14 a barrel by 1946 GMT. Meanwhile, West Texas Intermediate Crude Oil for February delivery remained flat at $59.44 a barrel. Trading activity across global energy benchmarks was notably muted due to a federal holiday in the United States.
IRagainst a brewing diplomatic crisis between the United States USand Denmark DK. Brent Crude Oil was up one cent or 0.02% at $64.14 a barrel by 1946 GMT. Meanwhile, West Texas Intermediate Crude Oil for February delivery remained flat at $59.44 a barrel. Trading activity across global energy benchmarks was notably muted due to a federal holiday in the United States.
