The US-Israel-Iran conflict has now escalated to the level of physical supply disruption.
Once the Strait of Hormuz is blocked, 30% of global maritime crude oil shipments will face re-pricing. Supply ceiling: US shale oil production is struggling to increase, while OPEC+ remains committed to production cuts to stabilize the market. Gold has already surged this round, and it's probably oil's turn now.
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The US-Israel-Iran conflict has now escalated to the level of physical supply disruption.
Once the Strait of Hormuz is blocked, 30% of global maritime crude oil shipments will face re-pricing.
Supply ceiling: US shale oil production is struggling to increase, while OPEC+ remains committed to production cuts to stabilize the market.
Gold has already surged this round, and it's probably oil's turn now.