Standard Chartered has raised its oil price floor forecast amid ongoing geopolitical tensions in the Gulf and disruptions to export routes through the Strait of Hormuz. These developments threaten global oil supply chains, particularly Saudi Arabia’s critical export channels. Prediction markets indicate an increased likelihood that oil will reach new all-time highs by year-end. Key actors such as OPEC and the International Energy Agency could influence market expectations through potential policy responses.
Source: Read the original article
