Energy Markets
Oil prices on the rise as tensions in the Middle East flare
Brent crude oil has risen by around 20% in June and is set to make its biggest monthly increase since 2020, as tensions between Israel/Iran flare up. The rise in oil prices, although relatively modest, has been noticed just three years after the Russian invasion of Ukraine. This triggered an increase in energy costs that pushed up global inflation rates and led to aggressive interest rate increases. What does the rising price of oil mean for global markets? How high is it? Investors are comforted by the fact that oil production has not been disrupted, and so prices have increased...