Physical Oil Supply Constraints Amid Reduced Market Volatility
Extreme volatility in crude oil futures has eased, though recent tensions involving U.S.-Iran talks and a U.S. blockade of the Strait of Hormuz have caused an 8% price jump. Despite this, market participants are now more accustomed to price swings linked to geopolitical developments, with analysts suggesting the worst of the uncertainty may have passed.
Topics: crude_futures geopolitical_risk oil_prices strait_of_hormuz trump_administration