SKN | Is Oil Entering a New Supply Shock Cycle as the U.S. Blockade of Iran Escalates Risks?
Energy Sector Analysis Oil prices moved sharply higher as the United States initiated a naval blockade targeting vessels transiting to and from Iranian ports, marking a significant escalation in the ongoing geopolitical conflict. Brent crude and West Texas Intermediate (WTI) both climbed toward the $100 per barrel level, reflecting renewed concerns over global supply security. The move shifts […]