WS #17036
Iran has threatened missile strikes on US bases in Italy and Germany if US attacks resume, escalating Middle East tensions. Concurrently, reports indicate Norway's oil industry faces a major decline without new discoveries. While Brent crude dipped slightly to $97.49, the geopolitical risk premium remains embedded, posing a tail risk for energy supply chains and global shipping if hostilities expand.
Geopolitical Escalation Risk
Iran has threatened missile strikes on US bases in Italy and Germany if US attacks resume, escalating Middle East tensions. Concurrently, reports indicate Norway's oil industry faces a major decline without new discoveries. While Brent crude dipped slightly to $97.49, the geopolitical risk premium remains embedded, posing a tail risk for energy supply chains and global shipping if hostilities expand.