Discussions regarding the Black Sea ceasefire occurred in Saudi Arabia between American and Russian negotiators, with Ukrainian officials also meeting with the US. Simultaneously, the announcement of potential US tariffs on European cars amplified global trade tensions. Geopolitical events and US economic data significantly impacted the oil market, causing price fluctuations due to supply concerns linked to Venezuelan tariffs and decreasing US inventories. Despite a price increase, analysts express uncertainty about long-term stability, considering potential oversupply and the risk of recession from US tariffs affecting demand. Finally, various regional bitumen markets showed differing trends, with expectations of price increases in India and upcoming disruptions in Iran and the UAE due to holidays.