WS #10966
Renewed US-Iran strikes, including a British cargo ship hit in the Strait of Hormuz, drive oil prices up 1.9% and support energy stocks while pressuring airlines. Invesco survey of 90 sovereign wealth funds and 54 central banks managing US$29 trillion shows 80% see energy security as the most credible investment for portfolio resilience, with AI infrastructure adding to appeal. Putin acknowledges fuel shortages in Russia following Ukrainian strikes on energy infrastructure, potentially impacting global energy markets.
US-Iran Escalation and Oil Price Spike
Renewed US-Iran strikes, including a British cargo ship hit in the Strait of Hormuz, drive oil prices up 1.9% and support energy stocks while pressuring airlines.
Invesco survey of 90 sovereign wealth funds and 54 central banks managing US$29 trillion shows 80% see energy security as the most credible investment for portfolio resilience, with AI infrastructure adding to appeal.
Putin acknowledges fuel shortages in Russia following Ukrainian strikes on energy infrastructure, potentially impacting global energy markets.