Oil Markets: New Crisis Wave and $100/Barrel Rebound

Global oil markets are facing a new crisis as the second wave of the US-Iran conflict escalates. Attacks by the Houthi militia in the Red Sea, combined with Russia's refinery collapses from Ukrainian bombardments and the Strait of Hormuz's renewed congestion, are tightening the market. Brent prices surged to $100/barrel last week, but Rystad Energy's Jorge León warns 'without a ceasefire, a significant price rebound risk remains.' The situation is already strained after six months of supply disruptions, with fewer transport routes, full refineries, and emerging threats. This raises questions about future oil price movements and their impact on the global economy.