{"id":11896,"date":"2026-01-13T10:34:50","date_gmt":"2026-01-13T10:34:50","guid":{"rendered":"https:\/\/microvibenews.com\/?p=11896"},"modified":"2026-01-13T10:34:50","modified_gmt":"2026-01-13T10:34:50","slug":"oil-edges-higher-as-trump-vows-to-tariff-iranian-crude-buyers","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=11896","title":{"rendered":"Oil edges higher as Trump vows to tariff Iranian crude buyers"},"content":{"rendered":"

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Oil touched the highest level since November after US President Donald Trump said he\u2019s imposing a 25% tariff on goods from countries \u201cdoing business\u201d with Iran after a wave of deadly unrest in the OPEC member.<\/p>\n

Brent traded near $64 a barrel after jumping more than 6% over the previous three sessions, while West Texas Intermediate was below $60. Trump said on social media that the new duty would be \u201ceffective immediately,\u201d without providing details about the scope or implementation of the charges.<\/p>\n

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Oil has gained ground in the early new year period, following a run of five monthly losses spurred by expectations for a glut. The climb has come amid a US intervention in Venezuela, with Washington\u2019s capture of leader Nicol\u00e1s Maduro, followed by the worsening wave of unrest in Iran. Still, authorities in Tehran have said they have now quelled the protests.<\/p>\n

While price moves on Tuesday were relatively muted amid a lack of clarity on Trump\u2019s latest edict, any new tariffs threaten to reignite a trade war with China, the world\u2019s top crude importer and the buyer of about 90% of Iran\u2019s total exports. For now, traders are seeking protection against spikes, boosting the volume of Brent call options to an unprecedented level on Monday.<\/p>\n

The immediate impact of the Iran tariff threats \u201cmay be a geopolitical premium on crude prices,\u201d said Charu Chanana, chief investment strategist at Saxo Markets in Singapore. \u201cBut sustained direction will depend on whether this rhetoric solidifies into enforceable policy, and whether it sparks measurable supply disruptions or broader trade retaliation that dents demand growth.\u201d<\/p>\n

The possibility of a disruption to Iran\u2019s daily exports, which account for just under 2% of global demand, has tempered some of the concerns over the global glut. Iranian stockpiles at a key export terminal are about a fifth lower since the start of the year, a possible sign crude is being moved out of harm\u2019s way amid the unrest.<\/p>\n

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Elsewhere, supply from Kazakhstan is being hampered by bad weather, maintenance, and damage by Ukrainian drones on Russian infrastructure.<\/p>\n\n\n\n\n
Prices:<\/th>\n<\/tr>\n
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  • Brent for March added 0.2% to $64 barrel at 10:24 a.m. in Singapore, after rising as high as $64.38.<\/li>\n
  • WTI for February delivery rose 0.2% to $59.60 a barrel<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    \u00a9 2026 Bloomberg<\/p>\n

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