The closure of the Strait of Hormuz is expected to trigger sharp fluctuations in crude oil prices, and the possibility that crude oil will reach $100 in 3 weeks has been suggested. The introduction of a detour route via Yanbu and the launch of a policy to curb crude oil prices have also been reported.
The closure of the Strait of Hormuz has been cited as the cause, and it has been reported that a scenario in which crude oil prices reach $100 in 3 weeks is being envisaged.
The introduction of a detour route via Yanbu and the launch of a policy to curb crude oil prices have been reported, suggesting that changes to supply routes and measures to stabilize the market are expected to move forward.
As for moves on the US side, it is said that there is an intention to ensure the smooth conduct of the US-China summit on the 31st, with references also made to Trump strategy and developments at the FRB.