Oil rallies after Trump tells Iran protesters help is on the way
CNBC • • nation
Key Points:
- Crude oil prices surged about 3% on Tuesday following U.S. President Donald Trump's cancellation of all meetings with Iranian officials amid escalating protests in Iran.
- U.S. crude rose to $61.46 per barrel, up $1.96 (3.29%), while Brent crude increased by $1.99 (3.12%) to $65.86 per barrel by late morning trading.
- Iran's security forces have violently suppressed large-scale protests, reportedly causing hundreds of deaths, while the government has restricted internet access, limiting independent verification of events.
- President Trump warned Iran against killing protesters, urged continued protests, and promised U.S. intervention, stating "Help is on its way" and canceling talks with
