OIL RALLY EXTENDS ON GEOPOLITICAL RISKS Oil prices rose as geopolitical tensions outweighed concerns about global oversupply. Citi raised its 0–3 month Brent price target to $70, citing supply disruption risks and a higher geopolitical premium linked to Iran and the Russia–Ukraine conflict. While protests in Iran have largely avoided major oil-producing regions, analysts see rising political and logistical risks. WTI gained 1.1% to $61.82 a barrel, while Brent rose 1.2% to $66.25.(*Walter Bloomberg)