(Geo)politics

The Oil Market Is Reaching a Breaking Point

For years, analysts talked about it as a worst-case scenario and now it’s real. The Strait of Hormuz is effectively closed and the consequences are spreading far beyond the Middle East. Oil which powers the global economy is being forced to confront a scenario it has feared for decades. The question is no longer whether this conflict will affect the world economy. The question is how much and have we now reached a tipping point? [read more]