The global economy has shown strong resilience over the past year, despite President Donald Trump’s trade war, attacks on US institutions like the Federal Reserve and tensions with allies. Inflation has continued to fall and European stock markets have hit record highs.
But now, with the US-Israeli conflict over Iran threatening to escalate, attention is shifting to the energy market. According to the Financial Times, oil is the key element that will determine whether this trend continues to be relatively stable or is interrupted.
