Crude Oil in the Crossfire: The Ongoing Middle East Conflict and Its Effects on the markets

Middle East turmoil and the price of crude: analysing the connection Are you curious about how the ongoing conflict in the Middle East is affecting Crude? You're in the right place! Welcome back to Freight Up! Our weekly podcast from Freight Investor Services - or as we're more affectionately known - FIS is here to bring you another massive update.  We have an exciting lineup of topics to discuss. We start by exploring the tumultuous journey of Crude oil and its reaction to the conflict in the Middle East. Archie Smith (the people's broker) sheds light on the recent fluctuations in Crude prices and the influences behind them. But that's not all! We also have Hao Pei joining us to provide an overview of the Ferrous complex and its performance in the past week. Specifically, we delve into the intriguing relationship between Crude oil and iron ore, examining whether the recent uptick in Crude prices contributes to the rise in iron ore. Here's the link to the FIS live app   Timestamped summary of this episode:   00:01:36 US eases sanctions on Venezuelan oil, market softens. 00:03:20 Fuel market unresponsive, fluctuating prices, high supplies. 00:06:18 Crude oil and iron ore connection explained.