Oil: Blockade keeps upside inflation risks elevated – MUFG MUFG’s Derek Halpenny links the prolonged Strait of Hormuz closure to rising Oil and input costs, with agricultural and fuel prices already surging.
Oil: Blockade keeps upside inflation risks elevated – MUFG MUFG’s Derek Halpenny links the prolonged Strait of Hormuz closure to rising Oil and input costs, with agricultural and fuel prices already surging. Halpenny assumes crude Oil averages USD 115 in Q2, lifting US inflation toward 3.8% later this…
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