Oil Prices Set to Rise as the Insurance Problem Grows

The White House has a solution, but questions remain on how long it will take to get the coverage to the tankers waiting for transit.

In the volatile landscape of global energy markets, oil prices are poised for a significant upward trajectory amid escalating geopolitical tensions in the Middle East. As of March 6, 2026, Brent crude has already surged above $89 per barrel, driven by a confluence of factors including disrupted shipping routes, production halts, and a burgeoning crisis…