Global oil prices have risen by nearly four dollars per barrel in recent days due to renewed tensions involving Iran, according to a Reuters report published on Tuesday. Brent crude reached 64.15 dollars per barrel, while West Texas Intermediate (WTI) stood at 59.78 dollars, marking their highest levels since December 8. The increase follows strong remarks by US President Donald Trump about Iran, reversing a previous price decline that occurred after the removal of Venezuelan President Nicolás Maduro.

The report noted that Iran is facing its largest anti-government protests in years, with allegations of deadly violence against demonstrators. As of Monday, the protests had entered their 16th day, with at least 648 protesters reported killed by the Norway-based group Iran Human Rights. In response, Trump warned of possible military action and threatened a 25 percent tariff on countries trading with Iran. Barclays estimated that geopolitical risks added a three to four dollar premium to oil prices.

Market concerns also grew over crude supply from Venezuela, as the new government in Caracas may transfer up to 50 million barrels of oil to the United States under Western sanctions.