22 January 2026
Geopolitical Risk is High, but Oil Prices Remain Contained
Recent geopolitical events would normally send shockwaves through the market—but not this time.
From Venezuela and Iran to Greenland, the Russia–Ukraine conflict and renewed US trade wars, geopolitics has dominated the opening weeks of 2026. Despite the turbulence, oil markets have remained relatively contained. Our expert contributor, Steve Christy, explains why.
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