WS #16394
Brent crude has spiked to $117 per barrel, a six-month high, driven by confirmed Houthi attacks on Saudi Aramco headquarters in Dhahran and the Safaniyah oil field. Concurrently, Rosneft is facing severe operational disruptions at its Ryazan and Tuapse refineries due to drone strikes. This dual supply shock is lifting energy equities while threatening to reignite global inflation just as the Federal Reserve prepares to meet, creating a hostile environment for rate-sensitive growth assets.
Oil Shock and Energy Supply
Brent crude has spiked to $117 per barrel, a six-month high, driven by confirmed Houthi attacks on Saudi Aramco headquarters in Dhahran and the Safaniyah oil field. Concurrently, Rosneft is facing severe operational disruptions at its Ryazan and Tuapse refineries due to drone strikes. This dual supply shock is lifting energy equities while threatening to reignite global inflation just as the Federal Reserve prepares to meet, creating a hostile environment for rate-sensitive growth assets.