American crude is hitting its lowest premium spread against global Brent in over a year, as geopolitical tensions—from Venezuela's upheaval to developments in the Black Sea—continue reshaping global energy flows. The supply disruptions rippling through these regions are creating significant pressure on pricing dynamics, with US oil bearing the brunt of the correction. This kind of commodity market volatility often signals broader shifts in global capital allocation and macroeconomic sentiment that tend to influence risk asset pricing across markets.