Geopolitics Override Fundamentals as Oil Extends 2026 Rally ...Middle East

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Geopolitics Override Fundamentals as Oil Extends 2026 Rally
source : OILPRICE ( Middle East ) () 45
Oil prices climbed after President Trump’s Iran rhetoric revived geopolitical risk, pushing Brent above $66 despite limited supply disruption impact.   Friday, January 23, 2026 Kazakhstan’s incessant supply disruptions have been the main talking point this week, however up until Friday there’s been little impact on pricing. No sooner had US President Trump declared the reallocation of naval assets to Iranian shores, warning of an ‘armada’ ready to attack, than ICE Brent futures were storming $66 per barrel again.…

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