Politics
Market Response to Middle East War
Oil prices are influenced by the war in the Middle East, according to several analyses.
The oil market shows a strong sensitivity to developments in the Middle East conflict, with prices collapsing at every move toward a potential resolution, reports Le Devoir.
Furthermore, the International Energy Agency (IEA) has downwardly revised its forecast for global oil demand in 2026, estimating that consumption will reach 103.29 million barrels per day, according to BFM Business.