WS #14005
Oil falls ~2% on IEA demand downgrade and US stockpile build, but Hormuz control dispute and Ukraine refinery strikes keep supply risk elevated. Iran and US clash over Hormuz control, Ukraine strikes Gazprom refinery, US sends carrier to region, keeping geopolitical risk elevated.
Oil Price Decline Despite Geopolitical Risk
Oil falls ~2% on IEA demand downgrade and US stockpile build, but Hormuz control dispute and Ukraine refinery strikes keep supply risk elevated.
Iran and US clash over Hormuz control, Ukraine strikes Gazprom refinery, US sends carrier to region, keeping geopolitical risk elevated.