Middle East conflict escalates, raising energy supply risks
pre-market1 source ↓written by the desknot a recommendation
- to approximately
- 12.5 mbpd
- to approximately
- 5 mbpd
- crude prices above
- $90/bbl
The resumption of hostilities between the US and Iran has significantly impacted oil markets. Confirmed crude oil flows have plummeted from 12.5 mbpd to approximately 5 mbpd, pushing Brent crude prices above $90/bbl. This escalation raises concerns about further disruptions in global oil supply, particularly through critical shipping routes.
Not investment advice. For informational purposes only.