Oil’s geopolitical premium vanished in 2025 – and may not return: Bousso
December 22, 2025
(BOE Report)– Global oil markets faced multiple black swan events in 2025 – including the Israel-Iran war and Ukrainian strikes on Russian refiners – yet they were barely fazed. This calm may be the new normal in an era of energy abundance, even as the world becomes a more dangerous place. By any measure, 2025 was a chaotic geopolitical year,
