Oil Prices Not Rising Despite Rising Geopolitical Tensions

Vishnu Varathan, Head of Economics & Strategy, Mizuho Bank

11-Jan-24 07:00

Oil Prices Not Rising Despite Rising Geopolitical Tensions

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With increased tensions in the Middle East and shipping companies avoiding the Red Sea, oil prices logically should be on the rise. However, that has not been the case. Vishnu Varathan, Head of Economics & Strategy at Mizuho Bank explains why.

Image credit: Shutterstock.com

Produced by: Mike Gong

Presented by: Wong Shou Ning, Keith Kam, Anwar Mahbob

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Categories: markets, economy

Tags: world market watch 2024, oil price supercycle, geopolitical uncertainties, middle east tensions,

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