Executive Summary 🔸Oil prices surged above US$110 as Middle East conflict disrupted supplies. 🔸Asian markets plunged, with South Korea and Japan hit hardest. 🔸Governments imposed fuel caps and rationing to contain panic buying. (March 9) U.S. oil prices surged above US$110 per barrel on Ma

Oil prices eased on Friday, after global central bankers sounded the alarm on inflation risks stemming from the ongoing war in the Middle East. Gulf Oil's senior energy advisor Tom Kloza warned that markets could enter an "all bets are off”"scenario if the conflict spills beyond the Gulf and begins

Oil fell for the first time in six days as Washington is considering potentially intervening in the futures market against rising energy costs and giving waivers to Indian refiners to buy Russian crude. A senior White House official said on Thursday, the US Treasury Department is expected to announc

*News: Global Geopolitics* *First, trade wars and then Covid-led restrictions disrupted global supply chains.* • The conflict between Israel and Hamas has intensified and escalated across land and reached the sea level • Initially attacks by Yemen's Iran-aligned Houthi militants targeted only oil sh

Crude prices extended their decline on Friday, on track as concerns about supply disruption in the Middle East eased with focus on the outcome of US-Iran nuclear talks in Oman later in the day. The benchmarks are headed for their first weekly drop in more than a month, down more than 3% from near si

Oil prices are headed for their biggest monthly gains in years on Friday as tensions in the Middle East escalated over a possible US attack on Iran that could disrupt supplies from the country. Trump urged Iran on to make a deal on nuclear weapons or face fierce attacks, drawing a threat from Tehran