Oil Prices Rise as Iran Protests Escalate

Oil prices rose on Monday due to concerns about supplies from Iran, but the increase was limited by efforts to resume exports from Venezuela. The market situation remains tense.

Oil prices continued to rise on Monday amid growing concerns that escalating protests in Iran could disrupt supplies from the OPEC member country. However, efforts to quickly resume oil exports from Venezuela limited the price increase. "Oil price gains were capped by efforts to resume exports from Venezuela," analysts said in a report. Despite this, the overall market situation remains tense due to instability in Iran.

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