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Market Impact: 0.68
Why Middle East Oil Risks Now Exceed US-China Tensions
Source: youtube.com
Energy Markets & PricesInflationGeopolitics & WarCommodities & Raw MaterialsInvestor Sentiment & Positioning
IIF Deputy Chief Economist Ashok Bhundia warned that declining oil and diesel inventories near the Strait of Hormuz pose a more immediate global risk than US-China strategic competition. Elevated refining crack spreads are increasing fuel costs and creating cost-push inflation pressures, raising the risk of a sudden market shock if energy supply conditions deteriorate further.
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