Oil Prices Surge on US President's Trump Threat of Additional Airstrikes on Iran

The international oil market has seen a sharp price increase, surging about 6 USD per barrel, after US President Donald Trump warned of continued airstrikes on Iran for the next 2-3 weeks. This escalation in geopolitical tensions is causing significant volatility in the global energy supply chain.
For the rubber industry, rising oil prices will elevate production costs for synthetic rubber, a key component in tires and industrial rubber products. Vietnamese firms like Dang Quang Rubber must closely monitor developments to adjust strategies and mitigate risks from petroleum-related raw material fluctuations.
Analysts forecast that prolonged conflict could keep oil prices elevated, indirectly affecting the natural rubber market through competition with synthetics and higher transportation costs. The industry requires supply diversification measures to minimize impacts.
Reference: VnExpress
