WS #14660
Geopolitical risks are escalating on multiple fronts, with US-Iran rhetoric heating up at the UN and Ukrainian strikes reportedly disabling 45% of Russian oil refining capacity. This dual pressure supports the oil price premium, keeping Brent near $103, while also complicating global energy supply chains. The market is pricing in a prolonged period of elevated energy costs and supply volatility.
Geopolitical Escalation & Energy
Geopolitical risks are escalating on multiple fronts, with US-Iran rhetoric heating up at the UN and Ukrainian strikes reportedly disabling 45% of Russian oil refining capacity. This dual pressure supports the oil price premium, keeping Brent near $103, while also complicating global energy supply chains. The market is pricing in a prolonged period of elevated energy costs and supply volatility.