$100 Oil: Short-Term Pain For Long-Term Gain

Oil has risen to about $100/bbl amid geopolitical conflict in Iran, elevating inflation risks. Markets have sharply reduced Fed rate-cut probabilities and are pricing a more hawkish Fed, increasing uncertainty around the policy path and market positioning.

Analysis

Oil has risen to about $100/bbl amid geopolitical conflict in Iran, elevating inflation risks. Markets have sharply reduced Fed rate-cut probabilities and are pricing a more hawkish Fed, increasing uncertainty around the policy path and market positioning.