Key Highlights
- The energy sector is also under intense scrutiny following the strikes.
- Brent crude, the global oil benchmark, surged 10% to approximately $80 per barrel in over-the-counter trading on Sunday.
- Analysts now suggest prices could potentially test the $100 mark if disruptions persist.
- “In the short-term, while waiting for more clarity on the impacts of the events, we can expect a spike in oil price (5% to 10%), lower US rates, gold up and equities down a little (around 1%).
- This also serves as an excuse for some well-deserved profit taking when markets are at all-time highs,” said Vincent Mortier, chief investment officer at Amundi, according to Bloomberg.
