WS #16281
Brent crude has spiked above $111 per barrel following reports from the IRGC Navy that seven vessels were hit and three others struck mines near the Strait of Hormuz. This escalation in the Middle East has triggered a massive repricing of energy risk, lifting oil majors and refiners while simultaneously pressuring global equities and inflation-sensitive assets. The supply disruption is now the primary driver of cross-asset volatility, forcing central banks to weigh energy-induced inflation against growth slowdowns.
Middle East Oil Shock
Brent crude has spiked above $111 per barrel following reports from the IRGC Navy that seven vessels were hit and three others struck mines near the Strait of Hormuz. This escalation in the Middle East has triggered a massive repricing of energy risk, lifting oil majors and refiners while simultaneously pressuring global equities and inflation-sensitive assets. The supply disruption is now the primary driver of cross-asset volatility, forcing central banks to weigh energy-induced inflation against growth slowdowns.