Phillip Nova: If tensions continue to escalate, Brent crude oil may surge to $100 per barrel

(1) Phillip Nova analyst Priyanka Sachdeva pointed out that if the current geopolitical tensions continue to escalate, Brent crude oil prices may hit the $100 per barrel mark. (2) She stated that at present, the market is mainly facing risks on the logistics side rather than actual losses in crude oil supply, but if attacks continue, the difference between the two could quickly narrow. (3) Sachdeva believes that the biggest risk facing the energy market is prolonged simultaneous traffic disruptions in the Bab-el-Mandeb Strait and the Strait of Hormuz. (4) She added that in such a situation, the market's flexibility to reroute shipments would be extremely limited, and shipping disruptions could quickly evolve into a broader inflation issue.