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Despite calls by \u5510\u7eb3\u5fb7\u00b7\u7279\u6717\u666e<\/span><\/span><\/strong>, there has been no confirmed commitment from allies or Gulf nations to provide naval support for securing tanker movements through the Strait of Hormuz. The absence of coordinated action highlights the complexity of the current situation, as global leaders continue to monitor developments in the Middle East.<\/p>\r\n \u00a0<\/p>\r\n Meanwhile, reports indicate that senior Iranian figure Ali Larijani<\/span><\/span><\/strong> was killed in recent Israeli airstrikes. If confirmed, this development could have implications for Iran\u2019s leadership dynamics and may contribute to ongoing regional uncertainty.<\/p>\r\n \u00a0<\/p>\r\n On the supply side, reports of tanker disruptions and rising insurance premiums for vessels transiting the Strait of Hormuz continue to place pressure on physical oil flows. There are also indications of intermittent loading delays at key Gulf export terminals, which could tighten near-term supply availability.<\/p>\r\n \u00a0<\/p>\r\n From a technical perspective, Brent crude remains supported above the key psychological US$100 level. While momentum indicators suggest near-term overbought conditions \u2014 which may lead to periodic pullbacks \u2014 the broader trend remains supported as long as geopolitical risks persist.<\/strong><\/p>\r\n \u00a0<\/p>\r\n Both \u897f\u5fb7\u514b\u8428\u65af\u4e2d\u8d28\u539f\u6cb9<\/strong> \u548c Brent<\/strong> benchmarks have risen in recent sessions, reflecting market focus on developments involving Iran, Israel, and the United States, alongside concerns over supply routes and elevated risk premiums. Price movements have remained sensitive to headlines, with increased intraday volatility observed.\u00a0As of 9:50am Singapore time, WTI futures were trading at US$94.30 per barrel<\/strong>, down 1.27%, while Brent eased 1% to US$102.73 per barrel<\/strong>.<\/p>\r\n \u00a0<\/p>\r\n Brent\u2019s continued presence above US$100 per barrel may have broader macroeconomic implications. Historically, elevated energy prices have contributed to inflationary pressures, and the current environment may add complexity to the global growth outlook. In the United States, higher fuel prices have been accompanied by efforts to increase production and utilise strategic reserves, although additional supply remains modest relative to potential disruptions.<\/p>\r\n \u00a0<\/p>\r\n The lack of coordinated measures to secure transit through the Strait of Hormuz continues to present uncertainty, particularly for energy-importing economies in Asia. In the absence of clear signs of de-escalation, oil markets may remain sensitive to further developments.<\/p>\r\n \u00a0<\/p>\r\n As one of the most widely traded commodities globally, crude oil is highly influenced by shipping routes and logistical conditions. Disruptions to these channels can lead markets to price in not only immediate supply constraints but also sustained increases in transportation costs, insurance premiums, and delivery timelines.<\/p>\r\n \u00a0<\/p>\r\n