Intensified risk of war, oil prices soar past $110.

As Trump threatens to escalate actions against Iran, the market is concerned about the possibility of a long-term disruption in shipping through the Strait of Hormuz. Crude oil prices have surged to over $110 and diesel prices have surpassed $200. Although there are signs that the conflict may end soon, there is no clear timeline or solution at the moment, keeping the market in a state of tension. With the Strait of Hormuz effectively blockaded, crude oil supply is severely restricted, leading to a sharp increase in oil prices Brent crude has risen by about 50% since the start of this conflict. The pressure on refined oil products is even more significant, with the sudden surge in diesel prices indicating an increased global inflation risk. The supply tightness is evident, with recent crude oil futures contracts reaching historical premiums. Analysts expect energy prices to continue to fluctuate at high levels until the situation eases or the Strait of Hormuz reopens for navigation.