WS #16828
Oil prices remain elevated with Brent crude trading above $100 per barrel, supported by ongoing geopolitical tensions in the Middle East and Iran's ambiguous stance on regional stability. While Iran has endorsed US election results as a 'no to war' vote, supply fears persist. In a separate development, TotalEnergies has signed a 15-year LNG supply agreement with China, securing long-term demand visibility for energy majors.
Energy Markets and Geopolitical Tensions
Oil prices remain elevated with Brent crude trading above $100 per barrel, supported by ongoing geopolitical tensions in the Middle East and Iran's ambiguous stance on regional stability. While Iran has endorsed US election results as a 'no to war' vote, supply fears persist. In a separate development, TotalEnergies has signed a 15-year LNG supply agreement with China, securing long-term demand visibility for energy majors.