How the TACO trade collapse affects oil and the Stock Exchange
Los inversores dan por fallida una premisa clave del mercado, lo que puede llevar el crudo a 150 dólares. Leer
Investors are reassessing their expectations for the Iran conflict, previously assuming it would be resolved before the US midterm elections in November. However, with the conflict showing no signs of ending, Bank of America warns that a lasting agreement before the elections is increasingly unlikely. As a result, the bank and others, including Goldman Sachs, are revising their oil price forecasts upwards, with potential prices reaching $150 per barrel if energy infrastructure is damaged.
This could lead to higher inflation, interest rates, and financing costs, negatively impacting stock markets.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
