Oil Spikes on Iran Tanker Blast

The video discusses the impact of geopolitical risks on Brent oil prices, highlighting a recent missile attack on an oil tanker near Jeddah. Despite the potential for conflict and the significant impact on global oil supply, the market remains complacent. The discussion also covers the market's focus on oil demand, questioning if there is an oversupply in the market.

What was the location of the oil tanker incident mentioned in the video?

• In the Gulf of Mexico

• Off the coast of Iran

• Near the Strait of Hormuz

• Near the port city of Jeddah, Saudi Arabia

According to Halima Croft, what is the market's attitude towards potential security incidents?

• Too complacent

• Overly cautious

• Highly reactive

• Indifferent

What did Javad Zarif discuss in the Financial Times?

• The role of renewable energy

• New oil drilling technologies

• The impact of oil prices on the economy

• The threat of escalating conflicts

What percentage of global oil supplies was affected by the attacks on Saudi Arabia?

• 3%

• 5%

• 7%

• 10%

What is the market primarily focused on, according to the video?

• Geopolitical risks

• Supply disruptions

• Technological advancements

• Demand picture