The base case is for continued escalation of tensions in the Middle East and elsewhere, notes Tamar Essner. She and Rohan Reddy discuss how the Middle East and geopolitical tensions are affecting the crude oil outlook. Essner mentions that if prices don’t strengthen, there is a risk of OPEC unraveling production cuts. Reddy highlights that more direct Iranian involvement would significantly heighten the threat to regional energy. They then go over macro factors affecting oil markets. Tune in to find out more about the stock market today.