🛢️ Oil nears $95 amid rising geopolitical tensions
Oil prices continue their strong rise, with crude reaching around $95 per barrel, as tensions between the United States and Iran escalate and concerns about the security of global energy supplies renew.
📌 The Strait of Hormuz remains the biggest risk point, given its vital role in the movement of global oil shipments.
⚠️ Continued escalation may mean: • Further increases in oil prices
More pressure on inflation
Volatility in stocks, currencies, and crypto markets
Whenever geopolitical tension rises, the risk premium in energy markets rises as well.
#oil #Brent #Geopolitics
#crypto #Markets
Oil prices continue their strong rise, with crude reaching around $95 per barrel, as tensions between the United States and Iran escalate and concerns about the security of global energy supplies renew.
📌 The Strait of Hormuz remains the biggest risk point, given its vital role in the movement of global oil shipments.
⚠️ Continued escalation may mean: • Further increases in oil prices
More pressure on inflation
Volatility in stocks, currencies, and crypto markets
Whenever geopolitical tension rises, the risk premium in energy markets rises as well.
#oil #Brent #Geopolitics
#crypto #Markets
