Unstoppable price?

Since the beginning of the year, prices for various commodities, from non-ferrous metals to crude oil, have surged in succession. The reasons lie in the more complex than expected situation in the Middle East, and the rise of AI represented by “lobster.” These two seemingly unrelated forces both point to an increase in inflation expectations. Is this just a short-term shock, or a long-term trend?

Can oil prices be stopped?

Historically, when the U.S. midterm election year encounters geopolitical conflicts, high oil prices are bound to increase public dissatisfaction, which in turn prompts the government to reverse oil prices before the midterm elections. Given that Trump is facing rapidly declining poll ratings, coupled with the “World Cup” in June and the 250th anniversary of U.S. independence in July, the strong time constraints may urge him to act more quickly.

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