Crude Awakening: Iran Tensions and Pump Pressure with Vanessa Clark
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Crude Awakening: Iran Tensions and Pump Pressure with Vanessa Clark
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This is your Daily Crude Oil Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Crude Oil Price Tracker with Vanessa Clark. Im your host Vanessa, and today were diving into the latest on crude oil prices, whats pushing them up, and what it means for you.
Right now, Brent crude is trading at about 68 dollars per barrel, while WTI is around 63 dollars. Thats hitting four-month highs for crude, thanks to some big news. President Trumps tough talk on Iran, warning of attacks unless they negotiate a nuclear deal, has everyone on edge. That geopolitical tension is supporting prices, since Iran is a major OPEC producer. Add in Russias stance on Ukraine dragging on, with Ukrainian attacks hitting Russian refineries and tankers, plus new sanctions curbing their exports, and supply worries are real.
The EIA report showed US crude inventories dropping unexpectedly by 2.3 million barrels, which is bullish too. A weaker US dollar is helping commodities like oil shine brighter. On the flip side, OPEC+ is pausing production hikes in early 2026 to manage a potential surplus, with forecasts pointing to growth above 70 dollars if support holds at 65 dollars.
For you, this uptick could mean higher gas prices at the pump soon, so if youre planning a road trip, fill up now or watch for dips. Traders, keep an eye on that 63 dollar level, a drop below could signal more downside.
Thats your crude oil update, friends. Thanks for tuning in, hit subscribe so you never miss the daily scoop, and Ill catch you next time. Stay smart with your dollars.
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