General News

Global oil prices fell nearly 3% in the final trading session of the week, but the decline has not eliminated concerns over supply disruptions. With shipping through the Strait of Hormuz still heavily restricted and alternative routes also facing growing risks, oil prices could remain elevated and potentially rise further if the disruption persists.

Global oil prices fell nearly 3% in Friday's session, but remained more than 8% higher for the week as investors continued to assess the risk of prolonged supply disruptions in the Middle East. Hopes for potential diplomatic efforts to maintain shipping through the Strait of Hormuz temporarily eased some of the market's risk premium, but supply concerns remain elevated.

Announcement of the 2026 New Year Holiday Schedule