TODAY'S MARKET INTELLIGENCE
Oil Prices Swing on US-Iran Talk Rumors; Tanker Attack Boosts Risk Premium
English summary
International oil prices fluctuated sharply on Wednesday due to denied rumors of US-Iran mediation and a tanker attack in the Strait of Hormuz. Market focus has shifted to tight diesel supply-demand balance and transportation bottlenecks. JPMorgan and Goldman Sachs note sticky freight and insurance premiums, while low US Strategic Petroleum Reserve levels limit policy buffer capacity.
The English text is machine translated and may require verification against the Chinese version.
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