Oil Price Volatility: A Crisis of Confidence The global oil market is at a crossroads, with tensions between the US and Iran driving Brent crude prices close to their one month high.
The threat of a Red Sea blockade looms over major shipping routes, further exacerbating price volatility. US led airstrikes against Iranian targets have been a hallmark of the conflict since February.
Despite reports of a proposed 10 day ceasefire, the Trump administration has chosen to press on with military action, warning Tehran that it will "pay" for the killing of American soldiers.