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Institution: Brief disruptions in the Strait of Hormuz are unlikely to change the fundamentals of the oil market, with structural oversupply remaining the main theme.

Institution: Brief disruptions in the Strait of Hormuz are unlikely to change the fundamentals of the oil market, with structural oversupply remaining the main theme.

汇通财经汇通财经2026/02/19 02:06
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1. MBSB Research pointed out in its report that Iran recently temporarily closed part of the Strait of Hormuz and conducted live-fire military exercises, which has increased the geopolitical risk premium in the short term and intensified volatility in the crude oil market. However, the institution believes that supply and demand fundamentals are expected to remain stable, and unless the disruption evolves into a long-term event, the price impact will be temporary.2. The institution maintains a "neutral" rating on Malaysia's oil and gas industry, citing the still challenging global macroeconomic backdrop. Crude oil prices are expected to remain sluggish due to a structurally oversupplied market, with geopolitical factors only able to trigger short-term price fluctuations and unlikely to drive a sustained upward trend.3. MBSB lists Dialog as the industry's top pick due to its defensive midstream business exposure, which can provide relatively stable performance in a turbulent environment.
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