Global Oil Markets Brace for Volatility as Middle East Tensions Escalate, Brent Crude Nears $90
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July 30, 2026
Global oil prices surged over seven percent, with Brent crude nearing $90 per barrel, driven by escalating Middle East tensions and a drawdown in US crude inventories. Threats to key shipping lanes and continued volatility are expected, impacting global…
Oil Prices Retreat to One-Week Low Amid Easing US-Iran Tensions and Resumed Caspian Flows
July 29, 2026
Global oil prices dipped to a one-week low, driven by renewed hopes of a US-Iran diplomatic breakthrough easing supply concerns and the resumption of Caspian Pipeline loadings. Despite these positive shifts, geopolitical risks in the Middle East continue…