Oil shock revives inflation fears as US-Iran fighting strains supply
Why it matters: BlackRock sees the conflict adding about 0.8 percentage points to global headline inflation, with Europe and parts of Asia most exposed.
Subject
#International Energy Agency
Oil jumps nearly 12% for week as US-Iran attacks choke Hormuz
Why it matters: Brent traded above $85 and oil flows through the strait have fallen by 4.6 million barrels a day, raising supply risks.
Oil climbs near 1-month high as US-Iran strikes squeeze supply
What's new: Brent was up nearly 12% for the week, with risks spreading beyond Hormuz to a possible Red Sea disruption.
Oil climbs nearly 12% for week as US-Iran strikes hit supply routes
Why it matters: Brent traded above $85 and the IEA warned prolonged disruption around Hormuz and the Red Sea could tighten global supply.
OPEC kept 2030 oil demand at 113.3 million bpd, lifted 2050 view
What's new: The group now sees demand at 124 million barrels a day in 2050 and argues oil use still has no peak in sight.