WS #15702
Crude oil prices remain firmly above the $105 mark, driven by continued instability in the Strait of Hormuz and renewed Iranian naval posturing. The proposed 'energy ceasefire' in Ukraine has collapsed after Russia and Ukraine rejected the terms, preventing any relief in global energy supply chains. This sustained geopolitical premium keeps energy equities in focus while pressuring downstream sectors like airlines and logistics.
Middle East Escalation and Energy
Crude oil prices remain firmly above the $105 mark, driven by continued instability in the Strait of Hormuz and renewed Iranian naval posturing. The proposed 'energy ceasefire' in Ukraine has collapsed after Russia and Ukraine rejected the terms, preventing any relief in global energy supply chains. This sustained geopolitical premium keeps energy equities in focus while pressuring downstream sectors like airlines and logistics.