The Strait of Hormuz and the Red Sea have disrupted the global oil market. 🔺Oil prices remain bullish...

The Strait of Hormuz and the Red Sea have disrupted the global oil market. 🔺Oil prices remain bullish despite daily corrections, due to heightened tensions in West Asia and disruptions in export routes; Brent is trading at $97.65 and WTI at around $89.6. 🔺If geopolitical tensions in West Asia continue or if the scope of attacks on export routes expands, the return of Brent to above $100 and a further strengthening of WTI would not be unexpected.