
Oil prices increased by over $2 per barrel on Tuesday, with Brent futures reaching $65.47 and WTI crude at $61.15. This surge is attributed to potential disruptions in Iranian crude exports amid ongoing anti-government demonstrations and a government crackdown. Analysts suggest the market is pricing in geopolitical risks, including potential U.S. tariffs on countries doing business with Iran, which could reduce global supply if major buyers like China reduce purchases. U.S. President Donald Trump's statements regarding the protests and potential military action also influenced price movements.
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