The Strait of Hormuz hopes to confront a new round of shipping attacks, with oil prices rising
2026-08-12 04:48:09
According to CoinMeta, as reported by Forexlive, the contradiction between hopes for peace in the Strait of Hormuz and a new round of shipping attacks has intensified, leading to rising oil prices. The market is struggling to reconcile optimistic signals from mediators with the ongoing escalation of conflicts at sea. Traders reacted quickly to the headlines about downgrades and attacks, showing a short-term neutral but structurally bullish market stance. The US Energy Information Administration (EIA) has raised its crude oil price forecasts for the next two years, and the level of America's strategic petroleum reserves has dropped to its lowest point since 1983, further weakening the short-term supply cushion.
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Source:Internet
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