WS #15728
Geopolitical tensions continue to escalate with Brent crude pushing past $107 following a third strike on a supertanker in the Hormuz Strait, while Ukraine simultaneously targets Russian energy infrastructure. This supply shock benefits upstream energy majors and refiners but severely pressures airlines and shipping logistics due to rising fuel costs. The situation remains volatile with no immediate ceasefire in sight, sustaining a risk premium in energy markets.
Energy & Geopolitical Risk
Geopolitical tensions continue to escalate with Brent crude pushing past $107 following a third strike on a supertanker in the Hormuz Strait, while Ukraine simultaneously targets Russian energy infrastructure. This supply shock benefits upstream energy majors and refiners but severely pressures airlines and shipping logistics due to rising fuel costs. The situation remains volatile with no immediate ceasefire in sight, sustaining a risk premium in energy markets.