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Barchart

Andrew Hecht

How High Can Middle East Turmoil Drive Crude Oil Prices?

Oil crude oil Iran Donald Trump United States Israel the Middle East BNO Barchart Nymex

In a May 15 Barchart article that asked if there was more downside in crude oil, I cautioned:

The geopolitical landscape remains highly tense, with potential hostilities in the Middle East and other regions. Any geopolitical surprises could ignite a recovery rally in crude oil futures, but so far in 2025, the price has been falling in a very volatile world.

Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.

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