The Cost Of Conflicts Without Conclusions

Six weeks into a conflict that has pushed oil past $120 and disrupted one of the world’s most critical shipping routes, the explanations remains familiar. “It is a supply shock. “ “These are temporary disruptions.” “Markets will adjust.” The uncertainty is no longer limited to volumes or logistics. It now centres on duration. How long will the situation persist and whether any actor has both the intent and the ability to bring it to a close ? Unclear timelines That shift itself changes how the shock travels. The effects beyond energy are already visible in currencies, capital flows and business…