International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Volume 8 Issue 3
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Geopolitical Conflicts and Global Oil Prices: An Economic Perspective

Author(s) Rishit Chaudhary
Country India
Abstract This paper has adopted an economic position to explore how geopolitical problems relate to the oil price variations in the world. Oil is a crucial and important commodity that affects most other sectors of the global economy such as inflation, balance of trade, cost of production and the general economy. This study focuses on oil supply networks worldwide and the volatility they create as well as the impact of geopolitical crises including wars, regional instabilities, economic sanctions and diplomatic crises. Both short and long term consequences of geopolitical issues on oil price patterns are a subject of concern, and this paper concentrates on the short term impacts, and also structural impacts that have been brought about due to these risks. Secondary data is gathered using a quantitative research approach from reputable international organisations' databases, such as the World Bank, the International Energy Agency (IEA), OPEC, and the International Monetary Fund (IMF). We are able to test the relationship between the crude oil price in the world market and the predictors of the geopolitical risk using econometric methods of regression analysis and time-series modelling. The results also reveal that geopolitical tensions have a major influence on the level of oil price fluctuation, particularly in times of extreme political instabilities. As this data demonstrates, the more states depend on oil imports, the more susceptible to such shocks they are. It ends the paper by arguing that equilibrium in the energy market is dependent on the stable geopolitical situations and recommends measures to mitigate the impact of the oil price volatility e.g. by diversifying the energy and creating strategic petroleum stocks.
Keywords Geopolitical, Conflicts, Global Oil, Prices, Economic, Perspective
Field Business Administration
Published In Volume 8, Issue 3, May-June 2026
Published On 2026-05-19
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E-ISSN 2582-2160
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