UNITED STATES – Global crude oil benchmarks stabilised near elevated levels, with Brent remaining above USD 95 per barrel following intensive military exchanges between US and Iranian forces near the vital Strait of Hormuz chokepoint. Although physical oil shipments continue to pass through the waterway, increased risk premiums and documented vessel mine threats along key shipping routes maintain baseline energy prices high. Energy market analysts warn that continued geopolitical volatility will put pressure on virgin fuel prices, forcing regional industrial hubs and manufacturing operators to absorb rising transportation and utility costs while accelerating the adoption of cost-effective industrial energy solutions.
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(Source: theVibes.com)
