Oil Rises as Geopolitical Risks Mount From Russia to Iran

Bloomberg•Thursday, November 13, 2025 at 11:31:16 PM

Recent geopolitical developments have significantly impacted oil prices, with a notable increase following Ukraine's strike on a Russian oil depot. This attack, coupled with Iran's seizure of a tanker, has injected a fresh geopolitical premium into the market. Reports indicate that oil prices surged by more than 2% as Russian ports suspended oil exports due to the ongoing conflict. The situation underscores the delicate balance of supply and demand in the oil market, as concerns over oversupply persist amid rising geopolitical risks.

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