WS #15130
Russia has launched its largest attack on Ukraine's energy infrastructure since the spring, while an explosion was reported in the Iranian city of Zahedan, escalating regional tensions. Brent crude is holding above $100 per barrel, supported by these supply-side risks and a broader macro environment where oil and yields are moving in tandem. The IATA reported a slight dip in air passenger demand, but the geopolitical premium on energy remains firmly in place, benefiting energy producers and refiners while pressuring airlines and consumer discretionary.
Geopolitical Energy Risks
Russia has launched its largest attack on Ukraine's energy infrastructure since the spring, while an explosion was reported in the Iranian city of Zahedan, escalating regional tensions. Brent crude is holding above $100 per barrel, supported by these supply-side risks and a broader macro environment where oil and yields are moving in tandem. The IATA reported a slight dip in air passenger demand, but the geopolitical premium on energy remains firmly in place, benefiting energy producers and refiners while pressuring airlines and consumer discretionary.