Geopolitics, Not Fundamentals, Driving High Crude Prices: Expert

• Energy expert Narendra Taneja states crude oil prices are inflated by geopolitical tensions, particularly involving Iran, rather than demand-supply fundamentals.
• He estimates that without geopolitical factors, Brent crude prices would be around $58 per barrel; anything above this is a 'geopolitical premium'.
• Taneja suggests recent developments are about strategic positioning to pressure Iran, possibly to open its oil and gas sector.
• Markets are watching for escalation, but widespread disruption to global oil supply routes, like the Strait of Hormuz, is considered unlikely due to potential broader regional involvement.
• Investors anticipate continued volatility driven by geopolitical headlines, with crude prices retaining a premium until Iran-related clarity emerges.