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【Hashi Chain News Flash】
The Middle East situation continues to escalate, causing intense fluctuations in global oil prices. Crude oil surges 60% in seven days 📈📈📈
Since the U.S. and Israel launched military strikes on Iran, the market has quickly priced in Middle Eastern supply risks, leading to a significant increase in international crude oil prices.
Timeline shows:
• February 27: Brent crude oil around $73/barrel (pre-war level)
• February 28: U.S. and Israel conduct airstrikes on Iran, oil prices begin to rise
• March 2: Iran threatens to block the Strait of Hormuz, oil prices rise above $80
• March 7: Shipping tensions intensify, oil prices approach $90
• March 9: Middle Eastern supply risks fully erupt, oil prices break through $100
• March 12: Key Omani ports face transportation disruptions, Brent crude oil surges over 9% in a single day, once again surpassing $100
Market analysis indicates that approximately 20% of global oil transportation passes through the Strait of Hormuz. If the conflict further escalates or shipping is interrupted, oil prices could continue to fluctuate significantly. The energy market is entering a typical “geopolitical pricing cycle.”
#OIL