Conflict involving the US, Israel and Iran is choking off oil shipments through the Strait of Hormuz, and gasoline, diesel and jet fuel prices have jumped. The supply disruption represents a near-term energy supply shock that should lift crude and refined fuel prices, add upside pressure to inflation and raise costs for transportation and aviation until flows normalize.
Conflict involving the US, Israel and Iran is choking off oil shipments through the Strait of Hormuz, and gasoline, diesel and jet fuel prices have jumped. The supply disruption represents a near-term energy supply shock that should lift crude and refined fuel prices, add upside pressure to inflation and raise costs for transportation and aviation until flows normalize.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.35
