Oil prices slide as Iran risk premium eases – OCBC
By FXStreet Insights Team
Date Published: 16 Jan 2026 | Date Modified: 16 Jan 2026
POPULAR ARTICLES
Oil prices fell sharply after reaching a two-month peak, as easing geopolitical tensions and comments from President Trump reduced fears of imminent disruption to Iranian supply, prompting a market pullback, OCBC's FX analysts Sim Moh Siong and Christopher Wong note.
Oil prices fell sharply after reaching a two-month peak, as easing geopolitical tensions and comments from President Trump reduced fears of imminent disruption to Iranian supply, prompting a market pullback, OCBC's FX analysts Sim Moh Siong and Christopher Wong note.
OPEC pause and Venezuela uncertainty keep Brent soft
"Oil prices fell sharply after touching a two‑month high, as easing geopolitical tensions reduced fears of an imminent Iran‑related escalation. Headlines suggest President Trump is stepping back from a potential US strike on Iran, lowering the risk of disruptions to Iranian supply or key shipping lanes."
"We maintain our forecast for Brent outlook to remain subdued but bottom near USD59/bbl by yearend, pending clarity on Venezuela’s new government and resource policy. OPEC’s pause in quota hikes supports soft floor for Brent in highUSD50s."
More than a million users rely on FXStreet for real-time market data, charting tools, expert insights, and forex news. Its comprehensive economic calendar and educational webinars help traders stay informed and make calculated decisions. FXStreet is supported by a team of about 60 professionals, split between the Barcelona headquarters and various global regions.
Read More
