{"id":1631,"date":"2025-07-17T15:33:00","date_gmt":"2025-07-17T11:33:00","guid":{"rendered":"https:\/\/omanet.om\/news\/business\/oil-prices-rise-amid-geopolitical-tensions\/"},"modified":"2025-07-24T19:12:06","modified_gmt":"2025-07-24T15:12:06","slug":"oil-prices-rise-amid-geopolitical-tensions","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/economy\/oil-prices-rise-amid-geopolitical-tensions\/","title":{"rendered":"Oil Prices Rise Amid Geopolitical Tensions: What This Means for Investors and Businesses in Oman"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p><\/p>\n<p><strong>LONDON<\/strong>: On Thursday, oil prices saw a slight increase, driven by indications of reducing trade tensions, unexpectedly strong economic data from major oil-consuming nations, and escalated risks emerging from the Middle East. <\/p>\n<p>As of 08:56 GMT, Brent crude futures climbed by 17 cents, approximately 0.3%, reaching $68.67 a barrel, while US West Texas Intermediate crude futures rose by 31 cents or 0.5%, settling at $66.69.<\/p>\n<p>John Evans, an analyst at PVM Oil Associates, noted, &quot;The market&#8217;s focus has shifted somewhat away from the Middle East. Recent reminders of Israeli strikes in Syria and drone attacks on oil infrastructure in Kurdistan have reintroduced volatility into the market.&quot;<\/p>\n<p>He added, &quot;Any further incidents that restrict oil supply will only bolster the narrative surrounding low inventories, and we anticipate that prices will hold steady, with potential for upward movement.&quot;<\/p>\n<p>In Iraq&#8217;s semi-autonomous Kurdistan region, drone attacks have reportedly reduced crude production by up to 150,000 barrels per day, as confirmed by two energy officials on Wednesday, due to significant damage to infrastructure.<\/p>\n<p>Additionally, US President Donald Trump announced that letters informing smaller countries of their tariff rates would be distributed soon. His optimistic outlook regarding potential agreements with Beijing on illicit drugs, as well as negotiations with Europe, has reassured investors.<\/p>\n<p>Independent analyst Tina Teng commented, &quot;Trump&#8217;s softened rhetoric regarding China and his proposal for lower tariffs on smaller nations are viewed as positive for the global trade climate.&quot;<\/p>\n<p>Moreover, favorable economic data from China and a larger-than-anticipated reduction in US oil inventories have supported oil prices. The Energy Information Administration reported a drop of 3.9 million barrels in US crude inventories, bringing the total down to 422.2 million barrels last week. This suggests increased refinery activity and stronger demand.<\/p>\n<p>However, larger than expected increases in gasoline and diesel inventories tempered price rises, sparking concerns about potential declines in demand due to waning summer travel, according to analysts at ANZ.<\/p>\n<p>Data also revealed that China&#8217;s crude oil throughput in June rose by 8.5% year-on-year, indicating heightened fuel demand.<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitl8gak-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitl8gak-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p><strong>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/strong><\/p>\n<p>The recent <strong>rise in oil prices<\/strong> signals a critical opportunity for businesses in Oman, especially those in the energy sector. However, <strong>renewed risks<\/strong> in the Middle East and a potential <strong>demand slowdown<\/strong> from key markets highlight the need for strategic investments. Smart investors should consider positioning themselves to capitalize on fluctuations while remaining vigilant about geopolitical tensions impacting supply chains.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Thursday due to easing trade tensions and strong economic data from major consumers. Brent crude increased to $68.67, while US West Texas Intermediate climbed to $66.69. Analyst John Evans noted that ongoing geopolitical risks could affect supply.<\/p>\n","protected":false},"author":2,"featured_media":1632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[482],"tags":[376,375,328],"class_list":["post-1631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economic-data","tag-middle-east-tensions","tag-oil-prices"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2025\/07\/3073613.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/1631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=1631"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/1631\/revisions"}],"predecessor-version":[{"id":1633,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/1631\/revisions\/1633"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/1632"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=1631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=1631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=1631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}