Oil Prices Surge Amid Iran Unrest, Venezuela Exports Limit Gains

• Oil prices rose due to concerns that escalating protests in Iran could disrupt supply from the OPEC producer.
• Brent crude futures climbed 0.49% to $63.65 a barrel; U.S. WTI crude rose 0.51% to $59.42 a barrel.
• Both contracts saw their biggest weekly rise since 2022 last week as Iran's crackdown on protests intensified.
• Analysts warn that the situation in Iran puts at least 1.9 million barrels per day of oil exports at risk.
• Venezuela's expected resumption of oil exports to the U.S. is limiting further price increases.

Why It Matters: Global oil prices are volatile, driven by Iran's unrest and potential Venezuelan supply.