Oil shock poses inflation risk but may prove temporary: Strategist
Ritesh Ganeriwal, Managing Director and Head of Investment Advisory at Syfe, says oil prices above US$100/bbl highlight supply risks from the Strait of Hormuz, with Asia’s import-dependent economies most exposed. He adds any inflation impact may be short-lived unless the US-Israel war on Iran drags on for months.
Ritesh Ganeriwal, Managing Director and Head of Investment Advisory at Syfe, says oil prices above US$100/bbl highlight supply risks from the Strait of Hormuz, with Asia’s import-dependent economies most exposed. He adds any inflation impact may be short-lived unless the US-Israel war on Iran drags on for months.