Oil Market Jitters: What's Driving the Surge and Who Stands to Gain The recent escalation of tensions in the Strait of Hormuz has sent oil prices soaring, with Brent hitting a one month high above $86.
This price surge is not just driven by geopolitics; it also reflects economic concerns about inflation and interest rates.
Investors are seeking shelter in companies that can weather any storm, but there's a paradox at play: while oil prices have risen 40% since January, many energy stocks have struggled to keep pace with the increase.