Oil markets remain volatile as geopolitical friction between Washington and Tehran escalates. With Iran signaling plans to establish a restricted zone near the Strait of Hormuz, Brent crude prices nudged upward by 0.2% to reach $96.45 per barrel. This energy price sensitivity persists even as broader markets attempt to find their footing.
European investors are adopting a defensive posture, holding back activity ahead of the European Central Bank’s looming policy meeting. All eyes are now fixed on the U.S. consumer price index data scheduled for release this Friday, which will likely dictate the path for monetary tightening through the final quarter.
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