Lates News

The Royal Bank of Canada stated that as the conflict between Israel and Iran continues in the Middle East, the supply of oil is facing increasing risks with energy now "clearly becoming a target for attack." Analysts, including Helima Croft, pointed out in a report that on the second day of the conflict, both Israel and Iran targeted energy infrastructure, which is obviously concerning. In a possible scenario, Israel may choose to attack Iran's Hark Island terminal to disrupt the flow of crude oil, while Iranian proxies may attack energy facilities in Iraq. This crisis has prompted banks to consider a range of possible outcomes, including the possibility of disruptions in oil transportation through the Strait of Hormuz. If regime change indeed becomes a core objective for Israel, the Iranian leadership may not prioritize maintaining stable oil supply. However, the recent market concerns about the risk of "closing the Strait of Hormuz" may have been exaggerated.