WS #15500
Geopolitical tensions have intensified with Iranian attacks on Emirati and US targets, alongside Ukrainian strikes on Russian refineries. This supply-side shock has driven Brent crude above $104, creating a bearish environment for airlines and consumer discretionary stocks while benefiting energy majors. The fading of ceasefire prospects reinforces the escalation narrative, pressuring global equities.
Middle East Escalation & Energy Shock
Geopolitical tensions have intensified with Iranian attacks on Emirati and US targets, alongside Ukrainian strikes on Russian refineries. This supply-side shock has driven Brent crude above $104, creating a bearish environment for airlines and consumer discretionary stocks while benefiting energy majors. The fading of ceasefire prospects reinforces the escalation narrative, pressuring global equities.