Oil Markets Ignore Mounting Risks at Their Own Peril | EN590 Commodities
EN590 Commodities GroupEN590 / Diesel July 17, 2026
Jeff Currie: Illusion of Oil Abundance Is Gone Tom majored in International Business at Amsterdam’s Higher School of Economics and later completed an Executive MBA in Energy Transition at the University of Groningen.… Escalating U.S.-Iran hostilities, attacks on critical infrastructure, and near-halted Hormuz tanker traffic are fueling expectations of higher oil prices. US forces striking civilian infrastructure in Iran, Tehran attacking a Kuwaiti power and desalination plant, repeated attacks on tankers in the Hormuz Strait and the potential extension of maritime warfare towards the Bab el-Mandeb Strait – all this points towards oil prices continuing their upward movement in the days to come. With Hormuz transits falling close to zero, it might even feel somewhat counter-intuitive to see
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