Oil Prices Defy Geopolitical Risks Amid AI-Driven Growth

Saudi Arabia's inflation has held steady for four consecutive months despite the ongoing Iran war and oil prices remaining above $100 a barrel. According to JP Morgan, there is no clear baseline for oil prices, which is shrinking US and European strategic reserves. Meanwhile, markets have shown resilience in the face of geopolitical risk by pricing in AI-driven growth.

Riyadh hosted UNESCO's Global Forum on the Ethics of AI this week, where experts discussed the intersection of technology and global security. The event saw a panel of analysts, including Angela Knight, Former Economic Secretary to the UK treasury, Dr. Yousef Alshammari, President of the London College of Energy Economics, Jameel Ahmad, Chief Analyst at GTC and Global Markets Commentator, and Lama Alhamawi, Senior Journalist and Founder of the Discussions podcast.