Opinions on where oil prices are headed from here could be an important decision driver.
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Wood Mackenzie warns $200 is possible if conflict extends, in what would be the largest supply disruption in industry history Oil prices could reach $150 a barrel within weeks as the shutdown of 15 million barrels per day of Gulf exports forces the global economy to destroy demand rather than find alternative supply, according to new analysis from energy consultancy Wood Mackenzie. The scale of the disruption is without precedent.
Benchmark Treasury yields are hovering near the middle of their months-long trading range as fears fade of an inflation shock caused by surging oil prices.
U.S. President Donald Trump hails the war effort in Iran as ‘very complete' and has suggested some oil sanctions could be eased to shore up confidence in the market. However, Trump warned Iran could be struck even harder should it attempt to further disrupt supply.
Saudi Aramco (ARAM) reported lower profits for 2025 as oil prices fell from the previous year, but announced a $3 billion share buyback and hiked its dividend 3.5% amid optimism about demand and investment projects. Full-year adjusted net income came in at $104.7 billion for 2025, down from $110.3 billion the prior year as lower oil prices weighed on earnings, with the average realised crude price falling to $69.2 a barrel from $80.2 in 2024.
Oil tumbled after US President Donald Trump sought to calm markets by saying the Iran war will end soon. Brent and West Texas Intermediate both tumbled more than 10% before clawing back some losses, following a dramatic session on Monday that saw extreme price swings.
Aramco reported a full‑year profit that beat estimates despite lower oil prices in 2025. The oil giant distributed $85.5 billion to shareholders, underscoring its role funding Saudi Arabia.
European stocks are set to see another negative day of trading as traders watch developments in the Middle East with concern.
Oil markets remain volatile as the U.S.–Iran conflict, Middle East supply risks, and potential easing of Russian oil sanctions continue to shift global supply expectations.
Oil prices plunged 10% after U.S. President Donald Trump warned Iran against blocking the Strait of Hormuz. Earlier on Monday Trump signaled the conflict with Iran could soon end.
Oil prices fell on Tuesday after hitting their highest level in more than three years in the prior session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to global oil supplies.