Reported about 21 hours ago
Bob McNally, president of Rapidan Energy Group, has raised alarms about increasing tensions in the Middle East that could disrupt crucial energy supplies, especially highlighting the risk posed by Israel's actions against the Houthis in Yemen. This escalation could jeopardize the fragile peace between Yemen and Saudi Arabia, the largest oil producer. While oil prices hover near $71 a barrel, geopolitical uncertainties are influencing the market, and traders are looking to the upcoming Trump administration for potential shifts in U.S. energy policy that could affect supply and demand.
Source: YAHOO