The Red Sea crisis contagion is spreading to the energy space. With signs of stress emerging in Energy Markets, we have entered a timely long as positioning remains light despite the ongoing Red Sea debacles.
Tensions are clearly on the rise in the Red Sea with fatal stand-offs over the New Years weekend. The most recent satellite photo evidence suggests that supply chain disruptions are material but manageable. Will the Houthis propel energy- and transportation costs again?
Oil is suddenly back in fashion on the back of a dovish FOMC meeting and supply disruptions in the Red Sea. Is the oil bet back on? Or is it too early?