Impact of Geopolitics on Oil Prices

This chapter explores the implications of potential retaliatory actions against Iran's oil infrastructure and their effects on global oil prices. It highlights the intricacies of OPEC's role in managing supply disruptions and the geopolitical significance of the Strait of Hormuz, while also addressing global demand dynamics, particularly China’s impact. Furthermore, it analyzes recent economic indicators from the U.S. and their potential influence on oil demand amid shifting trends towards greener energy alternatives.