UBS On-Air: Paul Donovan Daily Audio 'More violence, same response'
About this episode
The episode discusses the recent violence in the Gulf and its impact on oil prices and geopolitical tensions.
Violence has reignited in the Gulf, with Iran firing ballistic missiles at US military bases. Crude oil futures responded; Brent rose to over USD 90 per barrel. Of more political focus, Saturday’s US gasoline prices averaged almost USD 4 per US gallon. The geopolitical focus is whether the Red Sea route (taking about 7% of global oil supply) is attacked by Iranian allies.
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