Hear everything you need to know with Olivia

Olivia is here to bring you the latest information on rising geopolitical tensions and how they might have an impact on the oil market.

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Earlier this week, U.S. President Donald Trump publicly warned that the United States might withdraw support for Iran, linking it to political leadership decisions in the region. These comments have added pressure at a time when Iran is still trying to form a stable government.

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At the same time, the United States has moved additional military assets into the wider Middle East. US officials say this is a precautionary step, aimed at maintaining security rather than signalling an immediate conflict.

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While there is no active outbreak of war, these developments can still affect the oil market. This is due to the Middle East’s significant role in global oil supply, so increased political and military tension can lead to short-term price increases as markets react to uncertainty.