Global oil prices are experiencing fluctuations as geopolitical tensions persist. The aspirations for a quick resolution of these conflicts remain unfulfilled, exacerbating the strain on energy markets. Regaining stability to pre-conflict pricing seems unlikely in the coming year, with the global market adapting to heightened energy costs. Demand is soaring, particularly from emerging economies, pushing consumption to unprecedented levels.

Global petrol prices rise amid Iran conflict. Crude oil to hit a new all-time high by September 30 at 2.5% YES, by December 31 at 12.5% YES.

Iran conflict disrupts global oil supply. Crude oil reaches a new all-time high by December 31 at 12.5% YES.