WS #15428
Escalating attacks by Houthi rebels and Iranian proxies on commercial shipping in the Strait of Hormuz have pushed Brent crude above $101 a barrel. This supply disruption is forcing a rapid repricing of energy assets, with Shell refineries forecast to double profit per barrel, while simultaneously acting as a drag on global growth and consumer sentiment. The crisis is the primary driver of the current risk-off sentiment in non-energy sectors.
Hormuz Crisis & Energy Shock
Escalating attacks by Houthi rebels and Iranian proxies on commercial shipping in the Strait of Hormuz have pushed Brent crude above $101 a barrel. This supply disruption is forcing a rapid repricing of energy assets, with Shell refineries forecast to double profit per barrel, while simultaneously acting as a drag on global growth and consumer sentiment. The crisis is the primary driver of the current risk-off sentiment in non-energy sectors.