Oil futures trading is set to resume later on Sunday after a temporary halt due to heightened geopolitical tensions between the US and Iran. Saudi Aramco shares surged in Saudi markets, signaling investor optimism about a potential rebound in crude prices. The resumption of trading follows a period of uncertainty caused by the recent conflict escalation, with traders closely monitoring how geopolitical risks will impact global energy markets. Analysts suggest that Saudi Arabia's role as the world's largest oil producer could amplify market reactions, particularly if OPEC+ adjusts production quotas in response to the crisis. The surge in Saudi Aramco shares reflects broader market expectations of higher oil prices driven by supply concerns. For traders, this volatility presents both risks and opportunities, especially as central banks and energy ministers prepare to address the crisis at upcoming meetings. The US Federal Reserve's response to inflationary pressures from energy costs could also influence the trajectory of oil prices and equity markets. Additionally, the Gulf Cooperation Council's coordinated energy policies may play a pivotal role in stabilizing regional and global markets. For MENA investors, the situation underscores the interconnectedness of regional security and economic stability. Gulf markets are likely to remain sensitive to oil price fluctuations, given their reliance on hydrocarbon exports. Key indicators to watch include OPEC+ production decisions, US-Iran diplomatic developments, and the Fed's monetary policy stance. Energy sector stocks and commodities will remain under scrutiny as the geopolitical landscape evolves.