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Why does Iran unrest trigger oil price swings?

Why does Iran unrest trigger oil price swings?

Iran exported an average of 1.74 million barrels a day in the fourth quarter of 2025, all of it bound for Chinese refineries

Asia
Iran reopens airspace after temporary closure forced flights to reroute

Iran reopens airspace after temporary closure forced flights to reroute

A brief Iranian airspace shutdown disrupted global carriers

Europe
Danish foreign minister heads to White House for high-stakes Greenland talks

Danish foreign minister heads to White House for high-stakes Greenland talks

According to Trump, United States needs Greenland due to threat of a takeover by Russia or China

Middle East
Trump announces tariffs on countries doing business with Iran

Trump announces tariffs on countries doing business with Iran

Iran’s main trading partners are China, Turkey, the United Arab Emirates, and Iraq

North America
US suspends immigrant visa processing for 75 countries: White House

US suspends immigrant visa processing for 75 countries: White House

White House Press Secretary Karoline Leavitt said the affected countries include Somalia, Russia, and Iran