WS #16611
The Strait of Hormuz has become a flashpoint for global energy markets following confirmed attacks on oil tankers by Iranian forces, coinciding with intensified Ukrainian drone strikes on Russian refineries. This dual supply disruption is pushing crude prices toward $117, creating a stark divergence in market performance: energy majors are rallying on supply constraints, while consumer-facing and transport sectors face rising input costs and margin pressure.
Middle East Oil Supply Shock
The Strait of Hormuz has become a flashpoint for global energy markets following confirmed attacks on oil tankers by Iranian forces, coinciding with intensified Ukrainian drone strikes on Russian refineries. This dual supply disruption is pushing crude prices toward $117, creating a stark divergence in market performance: energy majors are rallying on supply constraints, while consumer-facing and transport sectors face rising input costs and margin pressure.