WS #15692
Brent crude spiked above $106 before settling near $103.57 as the geopolitical 'Energy Ceasefire' collapsed. Russia rejected the terms, and Ukraine threatened retaliation, while Aramco reported onshore commercial stocks slipping below the critical 6 billion barrel buffer. This bottleneck at the Strait of Hormuz is expected to tighten global energy chains for up to two years, creating a sustained supply-side risk premium.
Middle East Energy Crisis
Brent crude spiked above $106 before settling near $103.57 as the geopolitical 'Energy Ceasefire' collapsed. Russia rejected the terms, and Ukraine threatened retaliation, while Aramco reported onshore commercial stocks slipping below the critical 6 billion barrel buffer. This bottleneck at the Strait of Hormuz is expected to tighten global energy chains for up to two years, creating a sustained supply-side risk premium.