Reasons for the Rise in Crude Oil Prices
International crude oil is in a high volatile upward trend driven primarily by geopolitical conflicts. In the short term, it is supported by the situation in the Strait of Hormuz; in the medium term, it is underpinned by OPEC+ production cuts and demand recovery. Geopolitics: Soaring Risks of Supply DisruptionsStrait of Hormuz Crisis: In the…
