Iranian Regime On The Brink

Iran’s widening protests and economic crisis pushed oil prices higher as traders priced in supply risks and potential U.S. military escalation.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Iran's political and economic crisis intensified as protests over inflation

00:07and the collapsing real expanded nationwide, according to Benzinga.

00:11The unrest became the widest anti-government uprising since the 1979 revolution

00:16and raised fears about the survival of the Islamic Republic under Supreme Leader Ali Khamenei.

00:22Oil markets reacted as West Texas Intermediate Crude, tracked by the United States Oil Fund,

00:27rose for a sixth straight session to $62 a barrel.

00:31Traders priced in risks tied to potential disruptions in Iranian exports and possible U.S. military action.

00:38Washington ordered new tariffs on countries trading with Iran and evacuated some U.S. personnel from Gulf bases.

00:44Analysts said uncertainty is driving volatile oil prices.

00:48For all things money, visit Benzinga.com.