WS #15421
Geopolitical tensions have escalated sharply, with Houthi forces launching ballistic missiles at Riyadh's King Khalid Airport and Russia unleashing a massive overnight barrage on Ukraine. These events have triggered a supply-side shock in energy markets, pushing Brent crude higher and forcing European markets to retreat. The IMF notes the shock is currently contained, but the physical disruption to shipping and refining capacity poses a persistent upside risk to inflation.
Middle East & Energy Shock
Geopolitical tensions have escalated sharply, with Houthi forces launching ballistic missiles at Riyadh's King Khalid Airport and Russia unleashing a massive overnight barrage on Ukraine. These events have triggered a supply-side shock in energy markets, pushing Brent crude higher and forcing European markets to retreat. The IMF notes the shock is currently contained, but the physical disruption to shipping and refining capacity poses a persistent upside risk to inflation.