Oil Supply Shock Rocks Global Markets in 2026: What Rising Fuel Costs Mean for Drivers Oil Supply Shock Rocks Global Markets in 2026: What Rising Fuel Costs Mean for Drivers In March 2026, OPEC+ nations announced unexpected production cuts amid escalating tensions in the Middle East. Crude oil prices surged past $110 a barrel within days, sending shockwaves through economies already grappling...

US-Iran Tensions Flare Ahead of Trump-Xi Meeting | Balance of Power 05/11/2026 US-Iran Tensions Flare Ahead of Trump-Xi Summit: Markets Brace for Volatility Lagos, May 12, 2026 — Fresh US-Iran tensions are sending ripples through global energy markets just days before President Donald Trump is scheduled to meet Chinese President Xi Jinping in what is already being billed as one of the...