World oil prices are often influenced by complex geopolitical factors. Political tensions, armed conflicts and economic uncertainty in various parts of the world can have a significant impact on oil supply and demand. In recent years, this dynamic has become clear, from tensions in the Middle East to the rise of new energy markets. One example of the influence of geopolitics on oil prices is the crisis in the Middle East. Countries such as Iran and Iraq have abundant oil reserves. When there is conflict, such as international sanctions against Iran, oil prices tend to soar. This was caused by market concerns about disruption to global oil supplies. For example, in 2019, drone attacks on Saudi Arabian oil facilities caused a short-term spike in oil prices. Furthermore, relations between major oil producers, such as OPEC and Russia, also play an important role in setting prices. The production limitation policy implemented by OPEC is often used to maintain or increase oil prices. However, when these countries are involved in political disputes, production agreements can be threatened. Competition between OPEC and non-OPEC oil producers, including the US, also affects price stability. Another crucial factor is the transition to renewable energy. As countries commit to reducing dependence on fossil fuels, demand for oil can fluctuate. Although relatively slow, investments in clean energy can influence long-term demand projections. This uncertainty often makes investors doubt and has an impact on prices. Policy changes in major consuming countries, such as the US and China, add layers of complexity. For example, the US decision to lift sanctions on Iran could change global supply flows. On the other hand, rising oil demand from developing countries, especially in Asia, provided support for prices. Stable demand from these countries can often neutralize the impact of other uncertainties. Oil price trends are also influenced by currency exchange rate fluctuations. The US dollar as the main currency in global oil trading means that the strength or weakness of the dollar influences prices. When the dollar strengthens, oil prices tend to fall and vice versa. Market sentiment towards US monetary policy can also influence expectations for global oil demand. Overall, world oil prices are not only influenced by domestic market conditions, but also by broader geopolitical factors. Policies and conflicts in major producing and consuming countries can change the market landscape and create challenges for future price analysis. Understanding these dynamics is important for investors, companies and policymakers looking to adapt to the realities of global energy markets.