Image: LN24 International
Asian markets have taken a hit as BRENT CRUDE REMAINS ABOVE $100 A BARREL for a second consecutive day, fuelling fears of HIGHER INFLATION AND FURTHER INTEREST RATE HIKES.
The escalating U.S.-IRAN CONFLICT has heavily disrupted shipping through the critical STRAIT OF HORMUZ, driving up crude prices and sending shockwaves through global markets.
For energy-dependent Asian economies, expensive oil means one thing: HIGHER IMPORT COSTS AND MORE INFLATIONARY PRESSURE.
WITH OIL ABOVE $100 AND HORMUZ UNDER PRESSURE, HOW MUCH MORE CAN GLOBAL MARKETS TAKE? 📈🛢️
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