Bullish short-term on geopolitical escalation, but bearish long-term due to eventual resolution of conflicts and mispriced funding.

Short-term prices are elevated due to geopolitical tensions, but a structural shift toward oversupply and the UAE's exit from OPEC creates a bearish 6-12 month outlook.

Bullish outlook driven by geopolitical instability and potential supply disruptions in the Strait of Hormuz.

Structural shift toward higher prices driven by geopolitical tensions and Middle East air defense headlines.

Breaking above $110 signaling end of economic cycle; domestic export ban risks make it less favorable than Brent.

Following Brent surge amidst escalating Middle East tensions.

Geopolitical instability and naval blockades in the Strait of Hormuz typically lead to a bullish spike in prices.

Prices are shrugging off geopolitical headlines; traditional inverse relationship with risk assets is currently broken.

U.S. naval blockades and physical disruption of the shadow fleet are expected to remove hidden supply, leading to price spikes and increased volatility.

Potential risk premium being priced back in due to the closure of the Strait of Hormuz and tanker boardings.