The Officials with Jorge Montepeque: Geopolitical Risk & Global Economic Dynamics | S1 E12

World of Oil Derivatives

In today's episode of The Officials, Jorge, Harry, Ed and Will discuss geopolitical tensions in the Middle East, involving Israel, Iran, and other regional players, as well as the broader economic landscape and its effects on oil prices.

Jorge recounts his recent travels to the region, noting observations of missile attacks and the vulnerability of Israeli defences. Jorge emphasises the strategic restraint by Israel, likely influenced by the U.S. due to upcoming elections and broader regional stability concerns.

The Officials also discuss the fait of the Strait of Hormuz, a critical passage for global oil supply, could lead to severe economic disruptions impacting not only Middle Eastern countries but also major consumers like China and India. While geopolitical risks are elevating oil prices, without further escalation, prices may stabilise or even drop.

The team also addresses global economic dynamics, such as China's recent monetary policy interventions aimed at stabilising markets.