5 articles tagged with “geopolitical risk”
Escalating Middle East tensions push crude prices higher while Chinese robotaxi firm WeRide suspends Dubai operations, exposing vulnerabilities in Gulf commercial centres previously seen as insulated from regional instability.
US commercial crude stocks climbed to 435.8 million barrels while major producers including Occidental and EOG Resources adjust capital expenditure strategies, signaling cautious optimism despite ongoing US-Iran diplomatic tensions.
Nigeria's currency weakened N3.25 at the official foreign exchange window while strengthening N25 in the parallel market to N1,340/$, as crude oil prices extended gains amid escalating US-Iran tensions.
Continued nuclear negotiations between Washington and Tehran provide near-term price stability, though deployment of a second US carrier group to the Middle East reintroduces geopolitical risk calculations for crude benchmarks.
Continued US-Iran diplomatic engagement provides cautious optimism for energy markets, but the deployment of a second US aircraft carrier to the Middle East threatens to reintroduce geopolitical risk premiums into crude pricing.