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阿備
#中东原油供应风险再起，油价持续走强
当前油价走强主要交易中东地缘溢价：霍尔木兹海峡航运扰动，市场担忧能源通道受阻、供应中断，叠加原油库存偏低，推升油价。但实际原油出口暂未大规模下滑，OPEC+保有增产、各国释放储备等对冲手段。风险点在于：油价走高会重新抬升通胀预期，约束美联储降息节奏；行情高度依赖局势变化，消息面波动大。
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