6 Hrs
Source:
الاقتصادية
Iran's conflict shifts oil market dynamics
The impact of the conflict between Iran and the United States on the oil market has led to widespread disruptions in crude oil flows through the Strait of Hormuz, increasing price volatility and reshuffling positions among traders between Brent crude, West Texas Intermediate (WTI), and refined products. The main change has been a sharp decline in investor positions in Brent amid rising risks, while US oil exports temporarily increased due to the redistribution of barrels to compensate for halted supplies. Meanwhile, WTI continued on a different path, supported by American commitments to release strategic reserves. Market focus also shifted from Brent to refined products, emphasizing fuel availability, reflecting profound changes in how markets respond to oil crises caused by Tensions in the Strait of Hormuz.
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