Oil Heads For Biggest Weekly Surge in Years
About this episode
Business and finance news from the Asia-Pacific.
The US-Israeli offensive against Iran has rattled energy markets, driving crude oil to multi-year highs on fears that disruptions in the Strait of Hormuz may choke supplies and reignite inflation. That came as equity investors confront stretched valuations after an artificial intelligence-fueled rally pushed stocks to elevated levels. We spoke to Winnie Wu, Head of APAC Equity Strategy at Bank of America Global Research.
Plus - Goldman Sachs Natural Gas Research Head Samantha Dart says a scenario where Brent crude prices cross the 100 dollar threshold as "possible" if the Strait of Hormuz were to experience several weeks of interrupted oil flow. She spoke to Bloomberg's Haidi Stroud-Watts and Avril Hong.
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