مجلة آفاق للبحوث والدراسات
Volume 9, Numéro 2, Pages 284-305
2026-07-31

Oil Price Volatility Amid Geopolitical Crises: An Empirical Analysis For The Period 2000–2026

Authors : Nachi Sofiane . Berrabah M'hamed .

Abstract

This study aims to analyze the dynamics of oil prices in light of geopolitical fluctuations between 2000 and 2026, comparing the five most important time periods as important events .The results of the descriptive analysis revealed the existence of significant fluctuations in oil prices during crisis periods, where the covid-19 crisis recorded the highest level of volatility, followed by the financial crisis and the geopolitical crisis of 2026, represented by the war on Iran, where the latter showed severe shocks and unstable prices with the presence of sharp and more positive extremes. Finally, the results of statistical tests confirmed that there are significant differences in the levels of volatility resulting from the nature of each shock, and it was also found that there are fundamental differences in the distribution of these shocks during the specified time periods.

Keywords

Oil Price ; WTI crude oil ; Geopolitical crises ; COVID-19