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2026.01.1901:12:36UTC+00Oil Slips Amid Easing Tensions in Iran

WTI crude oil futures decreased to $59.1 per barrel on Monday, following four consecutive weeks of gains. This decline comes as eased tensions with Iran diminished fears of possible supply disturbances. Concerns over Iran subsided after President Donald Trump indicated last week the potential postponement of military actions, in response to Iran's commitment to halt the execution of protesters. Nonetheless, Trump cautioned that substantial actions could be taken if Iran resumes executions, thereby maintaining a degree of geopolitical risk in the market. In parallel, market participants are evaluating the potential consequences of rekindled trade tensions on energy demand. On Saturday, Trump declared a 10% tariff on goods from eight European nations, effective February 1, which could escalate to 25% by June if an agreement involving the "purchase of Greenland" is not reached. Crude prices face downward pressure due to anticipated oversupply; however, certain regions continue to experience supply constraints, with shortages arising from Kazakhstan, attributed to challenges in the Black Sea region.

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