Oil Prices Surge Amid Iran Unrest, Venezuela Exports Offer Limited Relief

• Crude oil prices continued to rise due to supply disruption concerns from OPEC producers amid growing protests in Iran.
• Brent crude futures increased by 0.49% to $63.65 per barrel, and US West Texas Intermediate crude rose by 0.51% to $59.42 per barrel.
• Both contracts saw over 3% gains last week, the largest since October, as Iran's crackdown on protests intensified.
• A rights group reported over 500 deaths in Iran's civil unrest; US President Donald Trump threatened intervention.
• Venezuela's potential resumption of oil exports, with 50 million barrels for the US, is limiting price gains.

Why It Matters: Global oil prices are up due to Iran's unrest, but Venezuela's potential exports could temper the surge.