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Oil prices and events in the Middle East are often discussed together due to their global impact on the economy.
Oil prices and the political situation in the Middle East are often interconnected. For example, Iran's statement about not yielding to the USA coincided with a rise in oil prices, while beliefs about possible progress in talks with Iran caused a decline in prices.
Recent changes in the British stock market are linked to large listings and investments in stocks.
The noticeable increase in activity is associated with significant events like the Airtel Money London listing, which has been the most significant in five years.
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Oil prices fell sharply amid optimism regarding negotiations between the USA and Iran.
In Saudi Arabia, the oil pipeline resumed operations, contributing to a decrease in oil prices.
Saudi Arabia increased oil exports after an attack on the pipeline, affecting global prices.
JPMorgan noted that the conflict between the USA and Iran complicates oil price forecasting.
Showing the model that has been most accurate in this city: ECMWF. The number next to a model is its mean error over the last 30 days, 1–3 days ahead. Tap a model to see its forecast. Checked against a weather station.
Open-Meteo
day / week. History, not a forecast or investment advice.
Geomagnetic activity index Kp (GFZ Potsdam, NOAA): 0–3 quiet, 5 and above is a magnetic storm.