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Brent rose more than 1% to $64.60 a barrel, its highest since November, after Trump announced 25% tariffs on any nation doing business with Iran. Trump also warned of possible military action, and Kazakhstan's output faced weather and infrastructure disruptions.
Broad tariffs on Iran's trading partners and the threat of military action add supply risk to crude, raising energy costs for feed producers.
tradingeconomics.comJudith Sib-atJan 13, 2026After 16 past bullish trade events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (81% higher; middle half +0.5% to +4.8%), and +5.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
25% tariffs on countries trading with Iran, military threats and Kazakhstan output disruptions added to the supply and trade-flow risk premium on Jan 13.
