#OilMarket
What's happening now in the energy market isn't so much an export boom as it is a reflection of global anxiety.
The surge in empty tankers heading to the United States reveals that countries are no longer looking for the cheapest option but the safest.
Europe and Asia are rerouting their supply chains away from areas of tension, even at a higher cost, adding what's known as an energy security premium to prices.
The market is no longer pricing solely on supply and demand, but also on geopolitical risks.
Any sudden de-escalation could quickly reverse this trend, while continued escalation could push prices to unforeseen levels.
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