Mia Gindis 5.0 3 ideas

Physical oil market has a premium due to long-lasting scars from the war, and this might not be fully reflected in the paper market, suggesting that oil prices could remain supported or have upside as Asian buyers diversify and insurance costs flow through.

Asian buyers will diversify away from the Persian Gulf due to war-related risks, leading to longer shipping hauls and higher freight prices, which won't recover quickly.