71 Days
Source:
الاقتصادية
Source: الاقتصادية
71 Daysالاقتصادية
Source: الاقتصادية
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Oil prices stabilized after declining by more than 2% in the previous session, as investors assessed the impact of new U.S. sanctions on Iran on oil supplies, and considered the risks to navigation through the Strait of Hormuz, which accounts for about 20% of global oil consumption. Despite the escalation of sanctions, the market was not significantly affected; instead, attention shifted to trade and financing due to these measures. Some countries continue to challenge the sanctions by maintaining Iranian oil imports. The risks associated with the Strait of Hormuz— including security threats and vessel clashes—remain the most sensitive factor for the markets, especially with U.S. strategic reserves at their lowest levels in decades, limiting Washington’s ability to respond to potential production disruptions. Meanwhile, profit-taking after two weeks of gains has renewed expectations that prices will remain subject to conflicting factors: profit pressures and geopolitical risks, amid ongoing regional tensions and the potential impact of sanctions on Iran's exports and maritime navigation.
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