Expected to stay higher for longer due to geopolitical blockades in the Strait of Hormuz and AI data center energy needs.

Prices have dropped from $115 to $100; inverse correlation with gold performance noted.

Short-term bullish due to expected military escalations in the Middle East, but long-term bearish as conflict resolution could cause prices to crater.

Prices are currently high due to the Strait of Hormuz blockade, but long-term sentiment is bearish as non-OPEC production from the US and Guyana rises.

Supply shock from the Strait of Hormuz blockade has not been fully absorbed by the market.

Primary beneficiary of supply-side inflation shocks; prices hitting crisis highs act as a tax on the broader economy.

Market is pricing in long-term conflict; viewed as a primary trade to capture volatility and inflation.

Hitting significant highs around $113-$117 with structural tailwinds from geopolitical blockades.

Macro data shows price hitting $120

Favored over WTI due to global supply shocks and lack of domestic U.S. export restriction risk.