Oil Prices Rise for Fifth Straight Session as Iranian Unrest and Military Threats Fuel Supply Concerns

Oil prices rose for a fifth straight session on January 14, 2026, as geopolitical tensions and domestic instability in the Middle East sparked significant supply concerns. Brent Crude Oil BRNUSDfutures rose 84 cents, or 1.3%, to $66.31 per barrel at 1054 GMT, while West Texas Intermediate Crude Oil WTIUSDclimbed 81 cents, or 1.3%, to reach $61.96 per barrel. The primary driver of the rally is the ongoing deadly civil unrest in IR IRalongside escalating military threats between Tehran and the US US.

Tehran has warned allies of the USin the region that it would strike USmilitary bases on their soil if Washington launched an attack against IR. In response to the heightened risk, some personnel were advised to leave a USmilitary base in QA QA. USPresident donald trump spoke on the matter Tuesday, urging citizens of IRto continue their protests and stating that help was on the way. Analysts at Citi have reacted to the volatility by raising their three-month price target for Brent Crude Oilto $70 per barrel.