'Triple-Digit' Oil Prices Possible if Iran War Extends: Transversal's Wald
Original Report
A week into one of the biggest ever disruptions to global energy markets, oil prices still remain far below levels seen in previous crises. But a growing chorus of energy executives and traders is...
A week into one of the biggest ever disruptions to global energy markets, oil prices still remain far below levels seen in previous crises. But a growing chorus of energy executives and traders is warning that every day that war rages on brings the world closer to a tipping point — with several predicting $100 crude within days. Ship traffic through the Strait of Hormuz has all but halted — making reality what had long been considered a worst-case scenario for the energy markets. There were signs on Friday that some of the initial oil market calm was dissipating, as Brent crude prices soared past $90 a barrel — taking their gain to more than a quarter this week. Ellen Wald, President of Transversal Consulting and Atlantic Council Senior Fellow, joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
Glass House Analysis
International economic policy has concrete impacts far beyond diplomatic circles. Tariffs show up in the price of goods at stores, supply chain disruptions affect whether products are on shelves, and trade tensions can mean job losses in export-dependent industries. The globalized economy means that decisions made abroad can affect workers and consumers domestically.
Inflation is the silent tax that erodes purchasing power, hitting hardest those who can least afford it. When grocery bills rise faster than wages, families face impossible choices between food, medicine, and rent. Unlike market volatility that mainly affects investors, inflation touches everyone who buys groceries, fills a gas tank, or pays rent.
Energy prices affect virtually every aspect of daily life—from commuting costs to heating bills to the price of groceries (which must be transported). For working families, energy represents one of the most volatile and impactful line items in their budgets. Energy policy decisions ripple through the economy, affecting everything from manufacturing competitiveness to household financial stress.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
Enjoyed this analysis?
Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.
No spam. Unsubscribe anytime.
More Stories
China’s PBOC Extends Gold Buying as Middle East Tension Simmers
China’s central bank bought more gold in February, extending its streak of purchasing to 16 months, as bullion climbs amid escalating Middle East tensions.
Greer, Schwarzman Lined Up for Australia Pensions Summit in US
Representatives of the A$4.5 trillion ($3.2 trillion) Australian pensions industry will head to the US next week, seeking to showcase the scale of the sector’s investments in the world’s largest...
Sri Lanka: In 'Good Position' to Absorb Oil Price Shocks
Central Bank of Sri Lanka Governor P Nandalal Weerasinghe believes his country is in a 'good position' to be able to absorb the price shocks from the Middle East conflict. He speaks with Haslinda...
Google gives CEO Sundar Pichai new pay deal worth up to $692mn
Alphabet boss gets bumper package of stock options tied to the share price and growth of Waymo in the next three years