WS #15918
Geopolitical supply risks have escalated sharply as Ukraine announced the resumption of strikes on Russian oil refineries, specifically targeting the Ryazan facility. This action, combined with ongoing shipping disruptions in the Strait of Hormuz, has pushed Brent crude past $104 per barrel. The dual threat to global supply chains is driving an energy-led inflationary shock, benefiting upstream producers while threatening to reignite stagflation fears globally.
Energy Supply Shock & Geopolitics
Geopolitical supply risks have escalated sharply as Ukraine announced the resumption of strikes on Russian oil refineries, specifically targeting the Ryazan facility. This action, combined with ongoing shipping disruptions in the Strait of Hormuz, has pushed Brent crude past $104 per barrel. The dual threat to global supply chains is driving an energy-led inflationary shock, benefiting upstream producers while threatening to reignite stagflation fears globally.