Markets Underprice Long-Term Risks of U.S.-Iran Conflict Despite Oil Price Surge
Fresh concerns over the U.S.-Iran conflict pushed Brent crude to a four-year high, but analysts warn investors may be underestimating long-term economic risks. Oil prices fluctuated sharply, with Brent crude briefly reaching $116.05 before falling 1.7%, as fears of further military action and a potential blockade of the Strait of Hormuz persisted.
Topics: Brent crude geopolitical risk market volatility oil prices U.S.-Iran conflict