Oil Price: Brent Breaks 100 USD - The Iran Conflict Becomes an Inflation Problem for the Stock Market

Brent has risen above 100 USD per barrel for the first time since July 24 and is about 25% above the level from early August. New attacks by the Houthi on Saudi energy facilities, along with US strikes on Iranian tankers, are heightening concerns about further supply disruptions. The oil price shock is hitting the stock market at a bad time: higher energy prices are driving inflation and bond yields - at the same time, important US inflation data and interest rate decisions are forthcoming.   The price of Brent crude oil surpassed...