Valero Energy (VLO) – Oil price shock looming: The Middle East conflict sorts the winners from the losers in the energy sector!

The blockade of the Strait of Hormuz fundamentally changes the global oil market – and faster than most market participants expected. Since the outbreak of the Iran conflict, prices have climbed by around 40% to over 105 USD per barrel, with the breach of the 100 USD mark appearing sustainable for the time being. According to J.P. Morgan, there is already a shortfall of about 1.5 million barrels per day – and this bottleneck could expand to up to 6 million barrels in the short term, according to strategy expert Natasha Kaneva. What particularly...