ING Raises Oil Price Outlook Due to Hormuz Disruption and Geopolitical Tensions
ING has increased its oil price forecast, citing ongoing disruptions in the Strait of Hormuz and slow recovery in oil flows, amid unresolved tensions between the U.S. and Iran. The firm's base case now assumes higher oil prices due to potential prolonged supply risks.
Tickers: $ING
Topics: geopolitical_tensions iran oil_prices strait_of_hormuz usa