Middle East conflict driving oil prices higher, which could impact DNOW's energy sector customers' spending and overall demand, though threatening global growth could temper this benefit. [cite: 25, previous output]

IMF downgrading global growth forecasts, suggesting a potential slowdown in industrial and energy project spending, which could negatively affect DNOW's business across its various segments.

Strong US economy with job additions and low unemployment, which could provide a stable domestic market for DNOW's US segment, its largest revenue contributor.