What to Watch
The market is now pricing two competing narratives: a contained conflict in which oil flows eventually resume, or a prolonged disruption that pushes Brent toward triple digits and forces central banks to confront a fresh inflation impulse. The next checkpoint is whether the Strait of Hormuz sees any meaningful tanker traffic this week, or whether the IRGC’s warning proves to be a binding constraint on global supply.
Sources: Source 1 · Source 2 · Source 3 · Source 4 · Source 5 · Source 6
