Brent: Supply risks support prices – ING

💡 DMK Insight

Oil prices are spiking, and here’s why you should care: geopolitical tensions are heating up. With the U.S. potentially gearing up for military action against Iran, traders need to be on high alert. The Persian Gulf is a critical artery for oil supply, and any disruption could send prices soaring. This situation isn’t just about immediate price movements; it reflects broader market sentiment around geopolitical risks and their impact on supply chains. If you’re trading oil or related assets, consider how this tension could affect your positions. Look for technical levels around recent highs, as a breach could trigger further buying pressure. But don’t overlook the flip side—if tensions escalate into conflict, we could see a spike in volatility that might scare off some investors. Keep an eye on the news cycle and be ready to adjust your strategies accordingly. Watch for key price levels and any shifts in sentiment, especially if the situation develops rapidly over the coming days.