Iran Conflict Raises Systemic Energy Risk as Oil Prices Surge

TotalEnergies CEO Patrick Pouyanne warned that if war-related disruptions to energy flows from the U.S.-Israeli conflict with Iran extend beyond three to four months, they could become a systemic threat to the global economy. He highlighted that refined product markets appear tighter than crude, a backdrop that has coincided with sharp gains in Oil – Brent Crude and Oil – US Crude, as traders price in elevated geopolitical risk and potential supply chain strain.

Over the past month, Brent futures have surged about 56%, while WTI has climbed roughly 47%, moves that reflect both war premium and fears of prolonged disruptions to fuel exports from key producers. On a shorter horizon, daily technical indicators currently point to a Buy stance for Brent and a Buy signal for WTI, suggesting bullish momentum persists even as volatility remains elevated. Investors can explore more updates, prices, and analysis across global markets at Commodities.