Svmuu News: Jiang Zhuoer posted on X, stating that the market is currently overlooking a massive “gray rhino” risk—namely, the continued rise in international oil prices. He pointed out that Brent crude prices have rebounded to around $95. Given that neither the U.S. nor Iran is currently capable of completely resolving the conflict in the short term, and that it is unlikely they will reach a compromise on the issue of passage through the Strait of Hormuz, the situation may remain deadlocked for an extended period, making further increases in oil prices almost inevitable.
Jiang Zhuo’er believes that if shipping through the Strait of Hormuz continues to be disrupted, it will have catastrophic consequences for the global economy. He also noted that global commercial and government strategic crude oil reserves have been significantly depleted, and total U.S. crude oil inventories (combining commercial stocks and the Strategic Petroleum Reserve) have fallen to their lowest level since 1984. Should international oil prices break through the $100 mark again, market sentiment could rapidly deteriorate.
Opinion: The Market Is Ignoring the “Gray Rhino” Risk; If Oil Prices Return to $100, It Could Deal a Blow to the Global Economy
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
U.S. Stocks Extend Fall, S&P 500 Down 1.00%
-
2
The commentary noted that Saudi Arabia plays a key role in the issue of Palestinian statehood, and that its stance is crucial to the normalization of relations with Israel.
-
3
BNY Mellon moves core transfer agency business onto blockchain, targeting $8.6 trillion market
-
4
Oil Rallies After US Intercepts Iranian Attack; US Futures Waver Ahead of Fed Decision and Tech Earnings
-
5
Glencore expects first-half trading profits to reach $3.3 billion, boosted by increased volatility in the oil market due to the war in Iran
-
6
UK's FTSE 100 Index Hits All-Time High
-
7
Bybit lists SSPCUSDT Perpetual Contract with up to 25x leverage
-
8
Bernstein Raises U.S. eCommerce Forecasts After Estimating 11% Q2 Sales Growth
-
9
What Is MONA Coin? MonaCoin’s Technical Features, Applications, and Ways to Acquire It
-
10
Guide to Buying and Selling RNX Tokens: Identifying Different Projects and Listed Exchanges
Markets Today
Recommended Reading




