Bank of China: The escalation of the Middle East crisis is worrying, especially the attacks on energy facilities.

The Royal Bank of Canada stated that as the conflict between Israel and Iran continues, the oil supply in the Middle East is facing increasing risks, and energy is now "clearly a target of attack." Analysts, including Helima Croft, pointed out in a report that on the second day of the fighting, both Israel and Iran targeted energy infrastructure, which is obviously worrying. In a possible scenario, Israel may choose to attack Iran's chokepoint on Kharg Island to curb the flow of crude oil, while Iranian proxies may attack facilities in Iraq. This crisis has prompted banks to consider a range of possible outcomes, including the possibility of an interruption in oil transportation through the Strait of Hormuz. If regime change does become a core objective for Israel, the Iranian leadership may not prioritize maintaining a stable supply of crude oil. But recent concerns in the market about the risk of "closure of the Strait of Hormuz" may have been amplified.