WS #14704
Brent crude has surged past $105 per barrel as diplomatic hopes for a US-Iran deal fade and physical attacks on energy infrastructure escalate. Iran has issued a deadline regarding the reopening of the Strait of Hormuz, while Ukrainian strikes have damaged fuel storage at Russia's Kuibyshev Oil Refinery. This supply-side shock is driving a broad rotation into energy equities while simultaneously pressuring inflation-sensitive sectors like airlines and consumer discretionary.
Energy Crisis and Geopolitics
Brent crude has surged past $105 per barrel as diplomatic hopes for a US-Iran deal fade and physical attacks on energy infrastructure escalate. Iran has issued a deadline regarding the reopening of the Strait of Hormuz, while Ukrainian strikes have damaged fuel storage at Russia's Kuibyshev Oil Refinery. This supply-side shock is driving a broad rotation into energy equities while simultaneously pressuring inflation-sensitive sectors like airlines and consumer discretionary.