Oil Prices Have Skyrocketed 66% Since the Iran War Began -- Is a Stock Market Crash Next?

West Texas Intermediate crude futures jumped ~66% in just over one week to as high as $111 per barrel after the start of military actions against Iran. The sharp supply-risk-driven move is likely to force risk-off positioning, push inflation and energy-sector volatility higher, and materially impact commodity and macro-sensitive assets.

Analysis

West Texas Intermediate crude futures jumped ~66% in just over one week to as high as $111 per barrel after the start of military actions against Iran. The sharp supply-risk-driven move is likely to force risk-off positioning, push inflation and energy-sector volatility higher, and materially impact commodity and macro-sensitive assets.