U.S. financial analysts: Oil and gas price increases have spread to more sectors

On the 2nd, Michael Collins, an American financial analyst and a part-time professor at Endicott College, said that the most direct risk triggered by the current conflict in the Middle East is still an energy price shock. He noted that international oil and gas prices have already been pushed higher and are beginning to filter through to the wider economy. Collins said energy remains the primary economic risk arising from this conflict. In addition to crude oil, global liquefied natural gas trade is also facing disruptions, and market volatility has become markedly worse. He said the war’s effects will not stay confined to energy itself and could continue to spill over through channels such as fertilizers, chips, transportation, and supply chains. (CCTV News)