WS #15567
Geopolitical tensions have transitioned from threat to tangible supply disruption. Ukrainian strikes have disabled over half of Russia's oil refining capacity, while Iranian attacks on tankers have reduced Strait of Hormuz traffic by 27%. This dual supply shock has kept Brent crude elevated near $103-104 per barrel, benefiting energy producers and refiners while threatening to reignite inflation and pressure consumer spending globally.
Middle East Energy Shock
Geopolitical tensions have transitioned from threat to tangible supply disruption. Ukrainian strikes have disabled over half of Russia's oil refining capacity, while Iranian attacks on tankers have reduced Strait of Hormuz traffic by 27%. This dual supply shock has kept Brent crude elevated near $103-104 per barrel, benefiting energy producers and refiners while threatening to reignite inflation and pressure consumer spending globally.