Oil markets are surging as tensions in the Middle East escalate. US crude briefly spiked to $120 per barrel, while Brent crude climbed above $110, with both benchmarks still trading above the $100 mark. The stakes are enormous: the Middle East holds around half of global oil reserves and roughly 40% of the world’s natural gas reserves, and about 20% of global oil and LNG flows through the Strait of Hormuz — one of the most critical energy chokepoints in the world.
If energy prices remain elevated, inflation pressures could return globally, complicating the outlook for central banks, bond markets, and global growth.
Watch the full episode to find out more!
Intro1:07 Crude oil past $100pb
2:57 What's next?
3:46 US jobs data was bad but...
4:50 US yields are higher
5:53 Why is gold down?
6:44 Food prices to spike as well










