Oil prices surged 3% on Wednesday following the abrupt collapse of Russia-Ukraine peace talks, igniting new geopolitical tensions and raising concerns over potential supply disruptions. Investors remain on edge, eagerly watching the market’s next moves
Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman have reaffirmed their commitment to maintaining oil market stability. This collective pledge aims to support a healthier outlook for global oil prices amid ongoing economic challenges.
