The global economy in search of a new balance

AI Summary

The closure of the Strait of Hormuz amidst ongoing conflict has elevated oil prices to approximately 100 dollars per barrel, reflecting a strained energy market and heightened geopolitical risk. Reduced inventories have partially mitigated the energy shock, but challenges persist in maintaining market equilibrium.

The closure of the Strait of Hormuz since the start of the conflict has driven up the oil price to around 100 dollars per barrel in recent months, while the reduction in inventories has helped absorb part of the energy shock. The indicators suggest that the energy market will remain strained and that geopolitical risk ...