The war in Iran, and missiles flying across the wider Middle East, is likely to dominate headlines this week. Volatility is likely in oil and other energy assets.
Energy Secretary Chris Wright said energy prices will fall when the U.S. starts knocking out Iran’s ability to threaten tankers wanting to sail through the Strait of Hormuz
Wright said the disruption, and thus volatility and trading opportunities, could last for “weeks, certainly not months.”. Although you might be forgiven for not taking a Trump Admin’s official at their word. It might be that the longer this war goes on, the higher oil prices will climb.
This will be supplemented by US CPI data this week, which is expected to show the annual inflation rate moving slightly up to 2.5% from 2.4%.
Oracle, one of the few companies in the middle of the AI bubble, will also report its quarterly earnings.
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