International crude oil prices broke the $100 per barrel mark recently. Brent crude futures posted a sharp increase, while WTI crude oil also rose significantly. Although the Middle East has extended the ceasefire agreement, regional geopolitical risks have not been completely eliminated, and supply concerns have kept supporting high oil prices.

Key shipping routes in the Middle East undertake most of the global crude oil transportation tasks. Regional conflicts have increased shipping risks and restricted crude oil supply stability. International investment bank Goldman Sachs raised its oil price forecast again, pointing out that high oil prices may last for a long time, and geopolitical patterns will reshape the global energy supply structure.

Rising crude oil prices have pushed up global inflation pressure, restricting the interest rate adjustment pace of major global central banks. At the industrial level, the petrochemical and oil extraction industries benefit from price increases, while transportation, logistics and manufacturing face rising cost pressure. In the long run, high oil prices will further accelerate the global energy transition and stimulate the rapid development of new energy and clean energy industries.