Executives and investors watched global oil prices slide steadily throughout last year as oversupply concerns weighed on the market. Projections are for an even larger oversupply in the first half of 2026, which will cap any oil price rally and continue to pressure prices. The world needs reduced geopolitical tensions for economies to fully rebound and restore historical annual growth rates in oil demand.
Surprisingly, oil prices, although meaningfully lower than this time last year, have not fallen as far as some forecasters predicted.
-article written 20th of February 2026
On 28 February 2026, Israel and the United States launched surprise airstrikes on multiple sites and cities across Iran, killing Supreme Leader Ali Khamenei and other Iranian officials. Iran responded with missile and drone strikes against Israel, US bases, and US-allied countries in the region.
Oh wow what a coincidence with the timing how strange