Branch2 Intelligence
Oil price ‘may fall to $60 a barrel’ as voyages through the strait of Hormuz jump – business live
Key takeaway
US-Iran ceasefire quadruples Strait of Hormuz voyages, oil expected to fall to $60/bbl.
- Step 11st-order: US-Iran ceasefire removes geopolitical risk premium from oil markets.
- Step 22nd-order: Strait of Hormuz shipping quadruples, physical crude supply normalizes, Brent falls toward $60.
- Step 33rd-order: Lower oil prices reduce global shipping fuel costs and pass through to UK SME input costs.
- Step 44th-order: UK SMEs in transport, logistics, and manufacturing see margin improvement as energy costs decline.
Source: Guardian Business
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