Morgan Stanley: Strait of Hormuz blockade may affect oil price trend

According to Morgan Stanley, the oil market is facing challenges, and if the Strait of Hormuz blockade continues until June, the factors that previously restrained the rise in oil prices caused by the Iran War may become ineffective. Analysts such as Martijn Rats pointed out in their report that although the market lost nearly 1 billion barrels of supply, crude oil futures did not break through the 2022 high due to the market entering the crisis with a buffer and investors expecting the strait to reopen. (Sina Finance)