Middle East & North Africa
Growing Conflict Across the Middle East Causes Global Uncertainty in Oil Markets
Speculation of attacks on Iranian oil supplies have caused global oil prices to spike. Fears of disrupted supply have led to sharp price fluctuations, raising concerns of a direct impact on supply and consumer prices.
Saudi Arabia and Oil: Between the US and Russia
Since the Russian invasion of Ukraine, Riyadh has refused to condemn the Kremlin and rejected American and European demands to increase oil output despite the current energy crisis.