Oil prices remain low despite geopolitical tensions in major producing countries, as traders now focus more on actual supply than reserves.
Demand for fossil fuels is slowing due to rising electric vehicle adoption, energy efficiency, and renewable alternatives, keeping price rallies in check.
Crude oil and natural gas charts signal weakness, with key resistance levels holding and downside breakouts suggesting further bearish momentum ahead.
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions against six officials associated with the Iranian intelligence agency for attacking critical infrastructure entities in the U.S.…