Oil

Oil prices hit a 2022 high amid Iran’s conflict, then fell below $100 per barrel after G7‑led policy moves—showing how geopolitics and coordination shape market swings.

Oil prices surge past $100/barrel as Middle‑East conflict and Iraqi cuts tighten supply, sparking inflation fears and market volatility worldwide.

Oil market sees Brent rise above $80/barrel amid Middle East conflict, OPEC+ raises output, Hormuz blockade triggers spikes—industry costs climb, growth stalls.

The oil market experienced significant volatility on June 12, 2025, driven by escalating geopolitical tensions and policy developments, including US tariff threats and potential changes to the Russian oil price cap.