๐จ Oil facing a sensitive scenario!
As geopolitical tensions persist around the worldโs most important sea routesโespecially the Bab el-Mandeb strait and the Strait of Hormuzโoil markets remain under risk-premium pressure.
If tensions escalate into an actual disruption in tanker movement or supplies, we may see a new wave of oil price increases ๐ฅ๐ข๏ธ
#BabAlMandab #Hurmaz #natgas The question now:
Are we witnessing the start of a new oil uptrendโฆ or has the market already priced it in?
$CL $BZ $NATGAS Watch the straitsโฆ thatโs where the real move may begin.