Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
How Oil Tanker Attacks Are Reshaping Global Shipping Routes
Lucas and Luna break down the impact of the recent Houthi strikes on Saudi Arabian oil tankers, which have pushed U.S. crude past $90 a barrel. They explain the 'war risk premium' driving a 3 to 5 percent jump in shipping insurance costs, how tanker owners are rerouting from the Red Sea to longer passages, and why this is creating a two-tier oil price system between Brent and WTI. They also discuss how the spike in energy costs bleeds into CPI and breakeven inflation expectations, which have ticked up to 2.28 percent. A focused look at a single supply chain disruption and its ripple…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.