WS #16193
Geopolitical tensions are driving a sustained energy premium with Brent crude trading at $109 and WTI at $98.15. The confirmation of an Iranian attack on a supertanker in the Hormuz strait has locked in supply disruption fears, while reports of continued Russian strikes on Ukrainian energy grids suggest the 'ceasefire' is merely tactical rather than strategic. This environment favors energy majors and refiners while penalizing airlines and shipping logistics.
Geopolitical Energy Shock
Geopolitical tensions are driving a sustained energy premium with Brent crude trading at $109 and WTI at $98.15. The confirmation of an Iranian attack on a supertanker in the Hormuz strait has locked in supply disruption fears, while reports of continued Russian strikes on Ukrainian energy grids suggest the 'ceasefire' is merely tactical rather than strategic. This environment favors energy majors and refiners while penalizing airlines and shipping logistics.