What Markets Know That Headlines Don’t
The escalation in U.S.–Iran tensions has pushed oil prices up 53% this year to $87.36 per barrel, reintroducing inflationary pressures and tempering expectations for near-term rate cuts. While the inflationary impulse is notable, history suggests such energy-driven shocks tend to be episodic rather than sustained. Past events—including the 1973 oil embargo, the 1979 Iranian Revolution […]