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Families face higher bills as companies stockpile goods and governments spend trillions on defense
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Crude has stopped trading on supply-and-demand fundamentals alone; geopolitical risk now dominates price discovery across all benchmarks.
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Analysts now price conflict risk directly into oil valuations, with UK petrol up 18% and diesel over 33% since tensions began.
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Geopolitical brinkmanship at the world's most critical oil chokepoint threatens global energy supplies, with crude volatility already hitting 10% daily swings.
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WTI's unprecedented sensitivity to Middle East headlines signals a structural shift where political risk now dominates price discovery.
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A lasting WTI premium and backwardation raise fuel costs, supply risk and inflationary pressure worldwide.