Oil prices climbed in Asian trading Tuesday after the U.S. imposed fresh sanctions targeting Iran’s oil sector, raising concerns over potential supply disruptions.
Brent crude futures rose 0.6% to $75.19 per barrel, while West Texas Intermediate (WTI) gained 0.7% to $70.92.
The U.S. Treasury Department’s latest sanctions target over 30 entities and individuals involved in Iran’s oil supply chain, including brokers and tanker operators in the UAE, Hong Kong, and China. This move intensifies Washington’s pressure on Tehran, aiming to curb its petroleum exports, particularly to major buyer China. Treasury Secretary Scott Bessent warned of severe sanctions risks for those dealing in Iranian oil.
Oil markets reacted with modest gains as investors weighed the impact of these restrictions on global supply. However, uncertainty lingers as geopolitical shifts may counteract bullish sentiment.
Possible cease-fire agreements between Russia-Ukraine and Israel-Hamas could ease supply concerns, offsetting price gains. Meanwhile, OPEC+ is reportedly reconsidering plans to ramp up production due to weak demand and growing non-OPEC supply. Originally set for April 2025, production hikes have been repeatedly delayed, supporting prices.
Despite these factors, analysts project the global oil market to return to surplus next year, potentially driving prices lower. Additionally, the resumption of Iraqi oil exports from the Kurdish region may further influence market dynamics.
With heightened geopolitical tensions and shifting supply-demand forces, the oil market remains volatile, keeping investors on edge.


UK Vehicle Production Falls Sharply in 2025 Amid Cyberattack, Tariffs, and Industry Restructuring
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair
Dollar Struggles as Policy Uncertainty Weighs on Markets Despite Official Support
China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook
U.S. and El Salvador Sign Landmark Critical Minerals Agreement to Boost Investment and Trade
U.S. Stock Futures Edge Lower as Tech Earnings and Fed Decision Shape Market Sentiment
Indonesian Stocks Plunge as MSCI Downgrade Risk Sparks Investor Exodus
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty
Wall Street Slips as Tech Stocks Slide on AI Spending Fears and Earnings Concerns
Philippine Economy Slows in Late 2025, Raising Expectations of Further Rate Cuts
U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal
U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster
Oil Prices Hit Four-Month High as Geopolitical Risks and Supply Disruptions Intensify
South Korea Industry Minister Heads to Washington Amid U.S. Tariff Hike Concerns
Gold Prices Pull Back After Record Highs as January Rally Remains Strong
Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets
U.S. Dollar Slides for Second Week as Tariff Threats and Iran Tensions Shake Markets 



