{"id":22299,"date":"2026-01-12T09:10:00","date_gmt":"2026-01-12T07:10:00","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/oil-dips-as-investors-assess-iran-supply-venezuelan-export-resumption\/"},"modified":"2026-02-27T16:33:19","modified_gmt":"2026-02-27T14:33:19","slug":"oil-dips-as-investors-assess-iran-supply-venezuelan-export-resumption","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/oil-dips-as-investors-assess-iran-supply-venezuelan-export-resumption\/","title":{"rendered":"Oil dips as investors assess Iran supply, Venezuelan export resumption"},"content":{"rendered":"<div>Oil prices dipped on Monday, after Iran said it had &#8220;total control&#8221; following weekend violence, easing some concerns over supply from the Organisation of the Petroleum Exporting Countries producer, while investors also weighed efforts to resume oil exports from Venezuela.<\/div>\n<div><\/div>\n<div>Brent crude futures lost 9 cents to $63.25 a barrel, while United States (US) West Texas Intermediate crude was at $59.02 a barrel, down 10 cents.<\/div>\n<div><\/div>\n<div>Both benchmarks rose more than 3% last week in their biggest such rise since October, as Iran&#8217;s clerical establishment stepped up its crackdown on the biggest demonstrations since 2022, though protests escalated over the weekend.<\/div>\n<div><\/div>\n<div>The situation in Iran is &#8220;under total control&#8221; after the weekend spike in violence, Foreign Minister Abbas Araqchi\u00a0said on Monday via English translation.<\/div>\n<div><\/div>\n<div>US President Donald Trump&#8217;s warning of action against Tehran should protests turn bloody motivated &#8220;terrorists&#8221; to target protesters and security forces in order to invite foreign intervention, he added.<\/div>\n<div><\/div>\n<div>More than 500 people have been killed in Iran&#8217;s civil unrest, a rights group said on Sunday.<\/div>\n<div><\/div>\n<div>Trump is expected to meet senior advisers on Tuesday to discuss options for Iran, a US official told\u00a0<i>Reuters<\/i>.<\/div>\n<div><\/div>\n<div>While a premium has formed in oil prices in recent days, the market is still underestimating the geopolitical risk from a wider Iran conflict that may affect oil shipments in the Strait of Hormuz, Saul Kavonic, Head of Energy Research at MST Marquee.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":20458,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-22299","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"Oil prices dipped on Monday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/22299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/22299\/revisions"}],"predecessor-version":[{"id":25644,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/22299\/revisions\/25644"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/20458"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=22299"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=22299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}