politics

Ellen Wald: Middle East Tensions Maintain Oil's Risk Premium

12 Ekim 2026Bloomberg
  • Ellen Wald notes that ongoing Middle East tensions are preventing significant drops in oil prices, despite temporary fluctuations.
  • Ellen Wald, president of Transversal Consulting, highlights that there have been no significant actions from the president to lower oil prices. She notes that temporary price dips have not persisted, and the market has adjusted its expectations regarding the resolution of ongoing conflicts.
  • Additionally, Wald points out that the oil-market buffers accumulated over the past six months are almost depleted, and the sustainability of oil flows through the Strait of Hormuz is questionable.
  • The ongoing conflicts in the Middle East have historically influenced global oil prices, and current tensions are no exception. The Strait of Hormuz is a critical chokepoint for oil transport, and any disruptions here can have immediate effects on the market.
  • Wald's insights reflect a broader concern within the energy sector regarding geopolitical instability and its impact on oil prices. The exhaustion of market buffers suggests that any future disruptions could lead to more pronounced price volatility.
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“I see no recent move by the president that could materially bring down oil prices.”

This summary is based on the opinions expressed by Ellen Wald and does not necessarily reflect the views of Bloomberg or its affiliates.