Crude oil prices rose on Hormuz tensions, 2~3% higher, raising logistics concerns
12~13Following reports of fresh military strikes over the past several days, international oil prices climbed from the 2% range to the 3% range. Concerns are growing that oil shipments through the Strait of Hormuz could be disrupted, raising the possibility of shipping delays and bringing cost volatility for energy firms and airlines and transport companies.
International oil prices, from the 12to the 13period, rose from the 2% range to the 3% range after news of new military strikes threatening the Strait of Hormuz. For investors, any delay in crude transport is important because it can increase price volatility on the supply side.
Fresh military strikes posed a direct risk to shipments passing through Hormuz. This has raised the possibility of ships rerouting or being delayed, and heightened vigilance over maritime transport conditions.
In the market, futures contract prices showed an upward trend, and trading became brisk immediately after the news was reported. There was also an observed increase in buy orders during the relevant trading hours.
This move was 12day and 13day, and it was confirmed that military-related news released between the two dates had a successive impact on oil prices.
Energy sector stock prices and crude-oil-related product prices reacted immediately. At the same time, concerns over cost burdens in sectors sensitive to fuel expenses, such as airlines and shipping, came to the fore.
Future shipping conditions and whether there will be additional military clashes are expected to be decisive variables for the trend in oil prices. Investors should watch disclosures related to transport and inventory, as well as additional news.
Sources: Reuters,Yahoo Finance
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