Brent Crude Oil Rises to 4-Month High in Oil & Companies News 29/01/2026 Brent crude oil futures rose to above $68 per barrel on Wednesday, the highest level in four months, as geopolitical risk premiums increased following renewed US threats against Iran. President Donald Trump warned of further attacks and urged Tehran to negotiate, raising concerns over potential disruptions to Iranian oil supplies. The escalation helped keep oil prices on a strong footing at the start of the year, with futures up more than 10% this month despite forecasts of a supply glut. Trump also said a large US naval presence had been deployed to the Middle East, reinforcing perceptions of rising regional tension. Diplomatic responses followed, with Iran and Qatar calling for dialogue and Saudi Arabia stating its territory would not be used for operations against Tehran, but uncertainty around the situation continued to support prices. Source: Trading Economics 2026-01-29 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share