WS #15154
Geopolitical risk has surged as the UK government cited strong indications of Iranian involvement in the RAF Fairford incident, coinciding with Russia's largest attack on Ukraine's energy infrastructure since spring. These developments have reignited supply fears in the Strait of Hormuz, pushing Brent crude up 2.5% to $98.60. The escalation is causing a broad risk-off environment, with European indices falling and energy stocks seeing renewed inflows while airlines and shipping face headwinds.
Geopolitical Escalation and Energy Shock
Geopolitical risk has surged as the UK government cited strong indications of Iranian involvement in the RAF Fairford incident, coinciding with Russia's largest attack on Ukraine's energy infrastructure since spring. These developments have reignited supply fears in the Strait of Hormuz, pushing Brent crude up 2.5% to $98.60. The escalation is causing a broad risk-off environment, with European indices falling and energy stocks seeing renewed inflows while airlines and shipping face headwinds.