HIGH ALERT06:26 UTC2d ago 1 min readSource: FXStreet

Oil: Supply shock risks with Hormuz crisis – Rabobank

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Oil: Supply shock risks with Hormuz crisis – Rabobank
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Rabobank strategists highlight that Brent Oil prices are down on screens even as the US blockade of Hormuz, combined with Iran’s actions, threatens prolonged disruption.

AI Executive Brief
  • / Brent Oil prices are decreasing despite the ongoing crisis in the Strait of Hormuz.
  • / The US blockade and Iran's actions could lead to long-term disruptions in oil supply.
  • / Rabobank strategists warn of potential supply shock risks due to the situation.

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