13/02/2025
Analysts believe that fears of a global trade war have increased investor demand for oil as a hedge against inflation and currency devaluation.
In addition to tariff concerns, the market is closely monitoring geopolitical developments in the Middle East. The Trump administration's recent reimposition of sanctions on Iran, aiming to reduce its oil exports to zero, has heightened supply concerns. This provided some support to oil prices.
In addition to tariff concerns, the market is closely monitoring geopolitical developments in the Middle East. The Trump administration's recent reimposition of sanctions on Iran, aiming to reduce its oil exports to zero, has heightened supply concerns, which has supported oil prices.