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DBO - Rising Geopolitical Risk Bears Watching In The Oil Market
Invesco DB Oil Fund
By Dimitry Dayen, CFA
Latest Attacks On Oil Tankers Could Threaten Global Crude Flows
Geopolitical tensions are being ratcheted up in the Middle East with another attack on two tankers this week in the Gulf of Oman near the Strait of Hormuz, a vital trading route through which about 20% of global crude oil passes daily. The latest attacks make for six tankers targeted by what is widely believed to be Iranian forces over the last several weeks.
With tensions rising, it is reasonable to see some geopolitical risk premium priced into oil after the