Oil Prices Rise on Iran Supply Concerns Despite Venezuela Export Resumption

Oil prices have risen amid concerns over potential supply disruptions from Iran due to ongoing protests and government crackdowns, with Brent crude reaching around $65.47 and U.S. WTI near $61.15 per barrel. While Venezuela has resumed exports, easing some supply worries, geopolitical tensions and U.S. sanctions threats contribute to market uncertainty. Analysts note that Iranian oil production and exports, totaling over 3 million barrels per day, face risks that have increased the geopolitical risk premium, though major oil-producing regions in Iran remain largely unaffected so far.