Many G7 countries are recognizing Palestine as an Israel state, this should impact the crude Oil price drastically. As you know the crude oil price has been very low below $65 a barrel. We still have a war in Ukraine that has been for a long time.
I believe that Gaza war should calm down if Israel do not retaliate with UK, France and USA comments for recognizing Palestine as a state of Israel.
After Trumps speech today the oil price should be bullish and can go up as $70 per barrel by end of this month. That is why I think about the current fundamentals for crude Oil.