Lates News

Analyst Phillip Nova said in a report that if the tense situation continues to escalate, Brent crude oil prices could potentially spike to $100 per barrel. He indicated that while the market is currently mainly facing logistics risks rather than crude oil losses, if the attacks persist, this difference may quickly diminish. Sachdeva pointed out that the biggest risk facing the energy market would be prolonged traffic disruption in both the Strait of Hormuz and the Mandeb Strait. She added that at that time, the market's flexibility in reorganizing transportation routes would be very limited, and shipping interruptions could rapidly evolve into more widespread inflation issues.