On Monday, the Organization of the Petroleum Exporting Countries (OPEC) updated its forecasts, sending a clear signal to economic analysts around the globe. According to the latest monthly report, the global oil demand is expected to increase by 1.30 million barrels per day (b/d) in 2025. However, this figure is 150,000 b/d lower than the previous forecast made last month. The revision comes in the wake of new data from the first quarter and the imposition of tariffs announced by the United States. In parallel with adjusting the demand figures, OPEC also scaled back its growth projections for the global economy for this year and the next—a reflection of the growing uncertainty throughout worldwide financial markets.

On Sunday, global financial markets became the epicenter of turmoil. Major US futures entered the new trading week with a significant slump, signaling growing investor concerns about the economy's future. The steep decline in S&P 500, Dow, and Nasdaq futures drew particular attention, triggered by the escalation of trade tensions between the US and key partners.