Israel-Iran conflict: assessing the risk to oil markets and the global economy
- Charles Hall, Kallum Pickering, Sam Wahab, Werner Riding discuss the Israel-Iran conflict and its impact on global energy markets; the role the Strait of Hormuz plays within global energy trade; the fiscal impact of escalation across equities, bonds and commodities; and how the market is currently assessing geopolitical risk against the backdrop of ongoing tensions in the Middle East.
- The initial upswing in energy prices following Israeli attacks on Iranian nuclear infrastructure now appears to have abated as the market refocuses on ample supply and slow demand. However, recent developments reinforce the volatile times we inhabit, where de-escalation remains uncertain.
