“Middle Eastern flows, while improving, have not yet fully normalised. An undersupplied market could push commercial stocks lower and should sustain oil prices.”

The National UAE · Oil prices surge on U.S. threat to strike Iran after midterms

“Uncertainty around our forecasts remains elevated, reflecting both the unpredictable nature of the Middle East conflict and the pace of recovery in Gulf production and global oil demand.”

The National UAE · Oil prices surge on U.S. threat to strike Iran after midterms