Brent Price Today: Iran Tensions and Supply Outages Fuel 3% Rally

The Brent Price extended its winning streak for a fifth consecutive week, trading at 65.90 USD per barrel on Friday, January 23, 2026. This represents a 3.25% increase over the last seven days and contributes to a robust 8.22% gain year-to-date. The benchmark crude contract has found fresh support amid renewed geopolitical instability in the Middle East and physical supply constraints in Central Asia, helping it recover from earlier bearish pressure caused by oversupply forecasts.