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Sarajevo Times > Blog > WORLD NEWS > Oil Prices in a slight Decline, Markets monitoring the Situation in Iran and Venezuela
WORLD NEWS

Oil Prices in a slight Decline, Markets monitoring the Situation in Iran and Venezuela

Published: January 12, 2026
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Oil prices fell slightly today, after Iran announced that it has full control over the situation after the biggest anti-government protests in recent years, which eased some of the concerns about supplies from the OPEC member.

At the same time, investors were considering efforts to restart oil exports from Venezuela.

Brent crude futures were down 15 cents, or 0.2 percent, at $63.19 a barrel, while U.S. West Texas Intermediate (WTI) crude was at $58.93 a barrel, down 19 cents, or 0.3 percent, Reuters reported.

The American human rights organization HRANA said it had confirmed the deaths of 490 protesters and 48 members of the security forces, and that more than 10,600 people had been arrested since the protests began on December 28, which have spread across Iran.

Reuters could not independently confirm this information. The flow of information from Iran has been hampered by an internet outage that has been ongoing since Thursday.

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