Global Economy Update

🌍 Oil Prices Surge Amid Middle East Tensions – Inflation Risks Rise

Oil prices jumped above $85 per barrel today after renewed geopolitical tensions in the Middle East. The spike has raised concerns over higher transportation and energy costs, which could push inflation back up globally.

Why it matters:

Energy prices directly impact consumer goods, supply chains, and central bank policy decisions. Rising oil costs may delay expected rate cuts, affecting both traditional and digital markets.

Watchout:

If tensions escalate further, oil could test the $90–$95 zone, increasing global inflationary pressure. Traders and investors should monitor commodity markets closely.

Do you think this oil rally will be short-lived or the start of a bigger inflation cycle? Share your thoughts 👇

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