Escalation of Tensions in the Middle East
![Escalation of Tensions in the Middle East](https://ussnsimg.moomoo.com/feed_image/70040946/86138defa8a136e9a313c07f37704693.jpg/bigmoo)
Impact on Oil Prices
"The fluctuations in prices will absolutely remain in place as the situation develops," said Vandana Hari, founder of consultancy Vanda Insights. "It's an uneven tug-of-war between a bearish outlook on fundamentals and supportive Mideast risk premium." As such, both factors can be expected to remain influential over several months.
Market Reaction
The airstrikes have raised concerns about an escalation bringing focus onto both oil and haven demand in near-term trading activities according Charu Chanana, market strategist for Saxo Capital Markets Pte.
"The fluctuations in prices will absolutely remain in place as the situation develops," said Vandana Hari, founder of consultancy Vanda Insights. "It's an uneven tug-of-war between a bearish outlook on fundamentals and supportive Mideast risk premium." As such, both factors can be expected to remain influential over several months.
Market Reaction
The airstrikes have raised concerns about an escalation bringing focus onto both oil and haven demand in near-term trading activities according Charu Chanana, market strategist for Saxo Capital Markets Pte.
read more: Analysts' Views on Geopolitical Risks
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GreenDay : About to go much higher. Watching shipping prices as well.