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Source:
اقتصاد سكاي نيوز عربية
Al-Buzurkan: US oil benefits most from Hormuz crisis
According to the article, the oil market is showing increasing absorption of rising Middle Eastern oil supplies passing through the Strait of Hormuz, with expectations that this trend will continue. This makes U.S. oil the biggest beneficiary of the crisis. Estimates indicate that an agreement to officially open the strait is near, which supports forecasts of stable or increased global oil supplies. Additionally, ongoing tensions in the region could lead to greater economic repercussions, including rising fuel bills and a higher likelihood of global interest rate hikes.
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