Saudi authorities said operations at some energy facilities have been attacked by Yemen’s Iran-aligned Houthis There is a renewed inflation risk coming from energy markets, warns Naeem Aslam, CIO of Zaye Capital Markets.Oil has now risen for a third consecutive session, and the market is increasingly questioning whether higher energy costs could feed into transportation, manufacturing and consumer inflation.That matters for both U.S. and European equities because more expensive oil can squeeze corporate margins while simultaneously forcing central banks to keep monetary policy restrictive.
Energy companies may benefit from higher crude prices, but airlines, industrial companies, retailers and other fuel-sensitive businesses face a less favourable cost environment.In recent days, Washington has received a clear warning from Iran’s new missiles. Economic warfare will be met by a maritime exclusion zone across the Persian Gulf to the blockade perimeter.
The operational posture toward U.S. warships and bases has been fundamentally recalibrated.7am BST: German trade data for July7.45am BST: French trade data for July2.15pm BST: Bank of England policymakers appear before the Treasury select committee Continue reading…
