Oil Prices Squeezed Between Peace Hopes and Iran Escalation Risk
Negotiators agreed on a major prisoner exchange as US mediators said deep divisions remain over territory and Europe’s role in any settlement.
5 Articles
5 Articles
Oil Prices Squeezed Between Peace Hopes and Iran Escalation Risk
Oil prices have crashed about 20% from the late-October peak of $118 per barrel, weighed down by hopes of sustainable de-escalation in the Middle East and the Russia-Ukraine war. For months, traders and hedge funds have often bet on a resolution of the conflicts, only to reactivate buying when talks fall apart. As U.S.-mediated talks between Ukraine and Russia are underway, there are no signs of a breakthrough in either the conflict in Europe or…
The Gordian Knot - EU, Iran, Ukraine and Russia
As long as the Iran conflict continues, energy speculators have the justification for higher oil, gas, fuel and energy prices. Even if global oil and gas flows return to their pre-conflict levels, so long as the conflict itself is in place the market traders, speculators and manipulators have a justification for higher prices. The center […]
Brent still trading 20% below October highs - A recovery in supply from the Middle East continues to constrain prices and Saudi Arabia announced a strong production increase
Oil prices edged higher on Thursday, recovering from early losses as geopolitical tensions persisted in the Middle East, offsetting pressure from rising crude production in the region.
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