Economic··Severity 7
Oil prices spike as renewed US-Iran war threatens global supply route
Oil prices spike as renewed US-Iran war threatens global supply route Oil prices have climbed by more than 3 percent as renewed fighting fuels fears of disruption to shipments through the Strait of Hormuz. Brent crude futures rose by $2.67, or 3.51 percent, to $78.68 a barrel. The Strait of Hormuz remains one of the world’s most important energy routes. About one-fifth of global petroleum liquids consumption passed through the waterway.
Scenario chain
Probabilities below are model estimates based on the event chain, horizon, and indicators. They are not outcome guarantees, investment advice, or emergency instructions.
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47%Эскалация
Forecast derived from cascade analysis. Watch confirmation indicators below.
Primary source: Middle East Eye
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