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Market Impact: 0.85

Oil prices climb as the US and Israel's war on Iran enters its 3rd week

Geopolitics & WarEnergy Markets & PricesCommodities & Raw MaterialsTrade Policy & Supply ChainTransportation & Logistics

Oil prices rose as the US and Israel's conflict with Iran entered its third week and the near-closure of the Strait of Hormuz disrupted global oil supply chains. The supply chokepoint heightens volatility and risk-off positioning across energy markets and poses broader downside risk to growth-sensitive assets.

Analysis

Oil prices rose as the US and Israel's conflict with Iran entered its third week and the near-closure of the Strait of Hormuz disrupted global oil supply chains. The supply chokepoint heightens volatility and risk-off positioning across energy markets and poses broader downside risk to growth-sensitive assets.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.35