#WhatNextForUSIranConflict 👽
Oil Market Shocks: From $90 to $130 in 8 Weeks?
Oil markets are bracing for extreme volatility. Brent crude traded around $95/bbl amid ceasefire fears. Citi warns that if Hormuz disruptions persist for 8-9 weeks, global crude inventories could hit record lows, sending prices to $130 through Q3. Iran faces forced production cuts within about 16 days as storage capacity fills under the blockade. The US has renewed Russian oil sanctions waivers to cool prices — but this is only a temporary patch.#OilMarket #IranIsraelConflict #WhatNextForUSIranConflict $Q
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