Oil futures rallied sharply on Tuesday as geopolitical tensions in the Strait of Hormuz intensified, prompting analysts at Rabobank to flag heightened risks.
Oil futures rise more than 2% in early trading today, driven by escalating global supply tensions. The surge follows news that US-Iran peace.
Oil futures currently fail to reflect the true level of supply risk in global markets, according to a new analysis from Rabobank. The.