Faisal Ibrahim @Faisal048: "𝙊𝙞𝙡 𝙥𝙧𝙞𝙘𝙚𝙨 𝙘𝙤𝙪𝙡𝙙 𝙘𝙡𝙞𝙢𝙗 𝙩𝙤..."

Germany

𝙊𝙞𝙡 𝙥𝙧𝙞𝙘𝙚𝙨 𝙘𝙤𝙪𝙡𝙙 𝙘𝙡𝙞𝙢𝙗 𝙩𝙤 $𝟵𝟬/𝙗𝙗𝙡 𝙨𝙝𝙤𝙪𝙡𝙙 𝙄𝙧𝙖𝙣 𝙘𝙤𝙣𝙛𝙡𝙞𝙘𝙩 𝙥𝙚𝙧𝙨𝙞𝙨𝙩 - 𝙐𝘽𝙎 Oil prices could climb above $90 per barrel should the shipping disruptions through the Strait of Hormuz due to ongoing fighting in the Middle East be prolonged, according to analysts at UBS. On Friday, crude prices were on track to notch hefty weekly gains, as traders remain worried that the conflict between Iran and joint U.S.-Israeli forces will close off the vital Strait of Hormuz waterway, through which roughly 20% of the world’s oil supply passes. In a move to ease some these concerns, the U.S. has announced it would allow the sale of Russian oil to India for a period of 30 days. The U.S. Treasury Department is also anticipated to unveil measures aimed at corralling energy prices through financial markets, Reuters has reported. Brent crude futures had last climbed by 4% to $88.85/bbl, while U.S. West Texas Intermediate crude futures jumped by 5.3% to $85.31/bbl. Writing in a note, the analysts including Mark Haefele and Giovanni Staunovo said they do not see current oil price levels as a "stable equilibrium." "If shipping disruptions persist or infrastructure is further damaged, prices could move higher, potentially exceeding $90/bbl," they wrote. Faced with the prospect of increased gas prices in the U.S., some investors have begun to worry that prolonged may spark a surge in inflationary pressures, which could delay the timeline for potential Federal Reserve interest rate cuts later this year. U.S. bond yields have risen, denting stocks. However, the UBS analysts argued that prices would need to remain elevated for several months before "materially affecting growth or inflation." $OIL $EUROOIL $BRNT.L (WisdomTree Brent Crude Oil) $OOEA.DE (WisdomTree Brent Crude Oil) $NATGAS $UNG (US Natural Gas) $BE (Bloom Energy Corp) $ENR.DE (Siemens Energy AG)