In recent months, global oil prices have experienced significant fluctuations, and recent analysis shows that geopolitical factors play a crucial role in these price changes. Tensions in several regions, such as the Middle East and Eastern Europe, contribute to oil market volatility. One of the main factors influencing oil prices is the conflict in the Middle East, especially related to oil production and distribution in OPEC member countries. Diplomatic tensions between Iran and Western countries, as well as military interventions in the region, often cause supply disruptions that directly impact global oil prices. For example, economic sanctions against Iran have reduced the country’s ability to export oil, contributing to rising international prices. On the other hand, the situation in Eastern Europe, especially around Russia and Ukraine, also supports high oil prices. These tensions create uncertainty in energy supplies, exacerbating market concerns. Russia, as one of the world’s largest oil producers, has a huge influence on oil prices. As conflict escalates, investors tend to go on the defensive, causing oil prices to spike as demand remains high amid uncertainty. Another factor that plays a role is the energy policies of oil-producing countries. For example, OPEC’s decision to cut oil production in an effort to support prices has seen an immediate impact on the market. Periodically, OPEC and its allies, including Russia, hold meetings to determine production policies aimed at maintaining price stability. Every announcement at the meeting is usually greeted by an immediate market reaction. In addition, a shift in energy policy in developed countries towards the use of renewable energy can also affect oil prices in the long term. Even though oil demand is still high currently, the transition to clean energy can reduce dependence on oil in the next decade. These changes trigger investors to speculate on the direction of oil prices, which could result in further fluctuations. Market sentiment is also influenced by other global factors, including economic recovery after the COVID-19 pandemic. Oil demand increases along with economic growth, but if there is additional geopolitical uncertainty, it could cause prices to fluctuate again. The influence of currency, especially the US dollar, is also an important factor. Because world oil is generally traded in dollars, exchange rate fluctuations can affect the purchasing power of oil importing countries. If the dollar strengthens, oil prices could become more expensive for non-dollar countries, which could ultimately reduce demand. According to the latest analysis, for the future, attention should be focused on evolving geopolitical dynamics and global energy policy. With the potential for new conflicts and upcoming OPEC decisions, world oil prices are certain to continue to fluctuate, making this an important area to analyze and understand for investors and other stakeholders.