Crude Oil (CL) — STRAT OF HORMUZ GEOPOLITICAL ESCALATION — Two Saudi tankers attacked in the…
Market pricing a renewed geopolitical risk premium after the Sept 1 tanker attacks, with hedge funds aggressively adding bullish length and OPEC+ expected to pause production hikes post-September; the consensus is constructively bullish on WTI near $90-95 near-term absent a diplomatic surprise