The US-Iran War: Deal Unlikely, Brace For Inflationary Shock

IEA data suggests global oil inventories could reach critical levels in June, raising the risk of oil prices moving above $150/barrel. The article frames the situation as a last chance to negotiate reopening of Hormuz before a major inflationary shock. This implies significant upside pressure for energy prices and broader market risk sentiment.

Analysis

IEA data suggests global oil inventories could reach critical levels in June, raising the risk of oil prices moving above $150/barrel. The article frames the situation as a last chance to negotiate reopening of Hormuz before a major inflationary shock. This implies significant upside pressure for energy prices and broader market risk sentiment.