"Despite a relatively calmer morning session, uncertainty and volatility will remain prominent. The disruption has already caused an unprecedented supply shock, with Gulf producers shutting in around 10 million barrels per day."
"This is intensifying global inflation pressures while raising fears of slower economic growth. Traders and investors are preparing for continued fluctuations in energy and financial markets."
Oil and gas prices fluctuated as the conflict involving the US, Israel, and Iran escalated. UK natural gas prices eased after a significant surge, while Brent crude rose to nearly $111 a barrel. Stock markets struggled, with the FTSE 100 and European indices experiencing declines. Israeli strikes on Iran's gas field led to retaliatory attacks, causing supply disruptions. Analysts predict ongoing market turbulence and inflation pressures, with Gulf producers shutting in around 10 million barrels per day. The situation remains unresolved, affecting energy prices and household bills.
Read at London Business News | Londonlovesbusiness.com
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