Saudi oil production.
The graph above shows the monthly production of Saudi oil over the past four years. Last month, oil production in the country was among the highest in the last four years. Tensions in the Middle East have decreased, but this does not mean that the differences between Iran and the US have been resolved. The performance of the oil market this year is very positive as the supply from the Middle East has been damaged. In the coming months and seasons, the impact of this disruption will diminish, but for now we are witnessing the growth of inflation.