Oil prices
Analysts say a closure of the strategic route would likely send oil prices above $100
Nasser stated that history shows new energy sources complement rather than replace traditional oil and gas
Concerns grow over potential disruptions in the Strait of Hormuz, impacting global oil supply
The latest developments in the region require the oil market to price in a larger risk premium for any potential supply disruptions
A geopolitical premium that keeps Brent above $65 per barrel will likely persist until further clarity on U.S.-Iran talks
OPEC+ plans to increase oil production by 411,000 barrels per day starting in July
U.S. President Trump reported positive updates from London, enhancing hopes for a trade deal
China is set to release key economic data amidst worries about domestic demand strengthÂ
OECD revised down its global growth forecast due to the impacts of trump's trade war
Wildfires in Alberta temporarily shut down oil production, further heightening supply concerns
Low U.S. fuel inventories raise supply concerns as operational oil rigs decline to the lowest level since November 2021Â
