Oil prices are ending the week on a high, and it’s not just a small bump—it’s a 2% surge that has everyone from Wall Street to Dalal Street sweating. As of Saturday, January 10, 2026, Brent crude is sitting at 63.34 per barrel, and WTI is at 59.12.
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The thing is, we’re seeing a perfect storm of geopolitical “what-ifs.” Or nothing. Let’s be real, between a literal internet blackout in Iran and a hypersonic missile launch in Ukraine, the market is on a hair-trigger. Those too.
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The “Oil Risk” Log: Field Notes
It’s an ongoing situation where supply worries are clashing with a massive reshuffle of the global energy map.
The Iran Uprising: Protests in Iran have hit Day 12.1 The thing is, the regime just imposed a nationwide internet blackout, which usually signals a massive crackdown is coming.2 With Tehran, Mashhad, and Isfahan in chaos, traders are terrified of production stopping.
The “Oreshnik” Strike: Russia just fired its new Oreshnik hypersonic missile at Ukraine’s energy infrastructure near the Polish border.3 It’s only the second time they’ve used it. And then there’s the retaliatory vibe—Russia is furious about the US seizing a Russian-flagged tanker earlier this week.4
The Venezuela Capture: President Trump announced on Tuesday that the US will market 30 to 50 million barrels of “sanctioned” Venezuelan oil following the capture of Nicolás Maduro.5 He met with Chevron, Exxon, and ConocoPhillips yesterday to pitch a 100 billion reinvestment plan.
The India Angle: Washington is reportedly ready to sell this Venezuelan crude to India—but under a “US-controlled framework.”7 It’s a move to pull India away from Russian oil, though it’ll take years to fix Venezuela’s broken pipes.
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Energy Market Watch: Jan 10, 2026
[Table: Key Energy Shifts]
| Indicator | Current Price / Level | Impact Level |
| Brent Crude | $63.34 (+2.18%) | 🔴 High |
| WTI Crude | $59.12 (+2.35%) | 🟠 Medium |
| US Rig Count | 544 (Lowest since Dec) | 🟡 Neutral |
| Venezuela Stock | 30M – 50M Barrels | 🔵 Future Play |
And Here’s the Kicker…
The US is trying to play “Oil Cop.” The thing is, Trump wants to drive global prices down to 50 a barrel to help American consumers.8 But oil CEOs are skeptical—they say drilling in a war zone (or a post-coup Venezuela) isn’t profitable at fifty bucks.9
It’s an ongoing situation where the market is balancing “way too much supply” against “a world on fire.” If the Iran protests actually hit the oil fields in the south, $70 oil could be here by Monday.
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End…
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