Oil Prices Jump 1% to $64.62 After Trump Warns of ‘Armada’ Toward Iran
On January 23, 2026, global oil prices rose sharply after new geopolitical tensions shook markets. Brent crude climbed over 1% to around $64.62 a barrel. This rise came after U.S. President Donald Trump said a U.S. naval “armada” was moving toward Iran, a major oil producer. Traders took these comments seriously. They feared the threat…