This week, the crude oil market may face a new round of stress testing.


Last weekend, the Trump administration officially ended the sanctions exemptions on Russian oil exports, effectively removing the only remaining global supply buffer.
Meanwhile, the transportation through the Strait of Hormuz has been disrupted for nearly three months, and the market was already in a tight supply situation.
At the same time, reports indicate that the US and Israel are advancing military preparations against Iran.
If a new escalation in geopolitical conflict occurs, combined with further tightening of supply, the volatility risk for crude oil this week will significantly increase, and it is likely to become one of the main variables in the short-term market.
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