Energy Shock — Early Signals, Uncertain Fallout
The sharp escalation in Middle East tensions is already reverberating through global markets — pushing energy prices higher, exposing the world economy’s deep reliance on fossil fuels, and prompting a rethink of how far and how fast central banks can ease.
In this week’s charts, we unpack the macro implications through:
Geopolitical risk dynamics
The global energy mix
Energy use and real oil prices
Short-end bond yield repricing
European sentiment
China’s investment pulse
Still early days — but the direction of travel is becoming clearer.
The skinny
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