A sharp shift in global oil policy could accelerate the recent surge in crude prices, as key producers signal plans to tighten supply. Analysts warn the move may further strain energy markets already under pressure from geopolitical tensions and reduced output. With prices already climbing, traders are bracing for potential volatility as the decision takes effect. The development underscores growing concerns over long-term affordability amid rising demand.
Move is likely to put further momentum behind fast-rising oil prices
