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Wealth Tracker: Are oil prices expected to stay high for days?
Brent crude has spiked sharply after US and Israeli strikes on Iran, with disruptions at the Strait of Hormuz raising fears over a major supply shock. Some analysts say this is just a temporary risk premium. Others warn oil could surge past US$100 a barrel. So, are we looking at a short-term geopolitical spike… or the start of a much bigger energy crisis? On Wealth Tracker, Hongbin Jeong speaks to Priyanka Sachdeva, Senior Market Analyst, Phillip Nova, to find out more.See omnystudio.com/listener for privacy information.
The skinny
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