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Market Impact: 0.75

US Treasuries Erase 2026 Gains as Inflationary Angst Rises

CVX
Geopolitics & WarEnergy Markets & PricesCommodities & Raw MaterialsTrade Policy & Supply ChainTransportation & Logistics

Conflict between the US, Israel and Iran has choked oil shipments through the Strait of Hormuz, causing gasoline, diesel and jet fuel prices to jump. Expect upward pressure on inflation and transport input costs (airlines, shipping, road freight) and heightened volatility in energy markets until shipments and regional tensions ease.

Analysis

Conflict between the US, Israel and Iran has choked oil shipments through the Strait of Hormuz, causing gasoline, diesel and jet fuel prices to jump. Expect upward pressure on inflation and transport input costs (airlines, shipping, road freight) and heightened volatility in energy markets until shipments and regional tensions ease.

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