Oil Prices: Geopolitics and Supply Jitters

Global tensions ignite oil market jitters! From Russian aggression near Poland and airspace violations over the Baltics to escalating unrest in the Middle East following Western recognition of Palestinian statehood, geopolitical risks are surging. Despite these flashpoints, and Ukrainian drone strikes on Russian energy targets, oil prices only saw a modest rise before falling slightly, reflecting investor caution amidst conflicting pressures of supply increases from nations like Iraq and ongoing global uncertainty. Hosted on Acast. See acast.com/privacy for more information.