The fundamental supply and demand dynamics of the
#原油价格飙升 market are the most basic anchor for oil prices, while geopolitical factors are the main catalysts for short-term fluctuations. This surge in oil prices is primarily driven by geopolitical sentiment and expectations of channel blockades, but the supply and demand fundamentals have not reversed. In the long term, global oil supply and demand remain stable. Once the Strait of Hormuz shipping resumes, the risk premium will quickly be unwound.
From the current situation, it depends on the conflict's trajectory, intensity, and the duration