Global geopolitics are impacting the bitumen market. The White House has reportedly withdrawn support from Ukraine, while Europe contemplates increased military spending. Russia has expressed readiness for peace negotiations amidst these shifts. Concurrently, escalating trade tensions between the U.S. and China, marked by reciprocal tariffs, are influencing oil prices. These tariffs, along with gradual OPEC+ supply cuts, are affecting global fuel demand and bitumen prices across regions such as Singapore, South Korea, Bahrain, Europe, India and Iran.