• Sun, Mar 1, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--
 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

26 December 2025 12:23  |

Geopolitical Tensions Rise, Oil Prices Rise Dramatically!

Oil prices rose on Friday (December 26th), with Brent trading at $62.30 per barrel and WTI at $58.39 per barrel. This increase was driven by escalating geopolitical tensions, including the US blockade of crude oil shipments from Venezuela and the US military offensive against the Islamic State group in Nigeria. The attack came after President Donald Trump condemned the persecution of Christians by militants in Nigeria, further escalating tensions in the global oil market.

Additionally, there was positive news from Ukraine, where President Volodymyr Zelenskiy revealed that he had had a very good conversation with US envoys Steve Witkoff and Jared Kushner regarding efforts to end the Russian invasion. These tensions also affected market sentiment, with investors monitoring any developments related to the conflict and the uncertainty.

Meanwhile, an oil export agreement from Kurdistan will be extended until March 31st, and Russian oil production is expected to increase by around 2% in 2026, according to a statement from the Russian Deputy Prime Minister. This news adds to the complexity of the global oil supply situation, with Ukrainian drones attacking Russia's largest gas processing plant in Orenburg, adding to tensions and uncertainty that are pushing oil prices higher. (az)

Source: Newsmaker.id

 

 

Related News

OIL

Oil Prices Rise for Two Days in a Row, Supported by Trade ...

Oil rose a second day on optimism over US trade talks ahead of next week’s deadline, and as tightness in diesel markets bo...

25 July 2025 10:56
OIL

Brent Fluctuates, Markets Confused Between Sanctions and Su...

Oil prices experienced volatile movements on Tuesday (July 15th), amid market uncertainty over the impact of US President Don...

15 July 2025 21:42
OIL

Global Oil Restrained

Oil prices were little changed after declining over the past few weeks, with traders concerned about the impact of European U...

22 September 2025 07:39
OIL

Increased Supply, Exports Drop: New Drama of Oil Prices Beg...

World oil prices on Wednesday (2/7) were almost unchanged as the market weighed various factors, ranging from the plan to inc...

2 July 2025 16:19
BIAS23.com NM23 Ai