Crude prices are increasingly at risk from geopolitical factors that are getting harder to control. Driving the news: Continued conflict in the Red Sea is hampering global supply chains, which leads to higher prices. Meanwhile, waylaid shipments — which include barrels of crude supplies — are being forced to find alternate routes to their final destinations. • Oil prices closed higher on Monday, with markets increasingly pricing in geopolitical risk, rather than fears about global demand. Why it matters: The prolonged interruptions and delayed deliveries from disrupted shipping routes are a threat to fragile supply ... (full story)