Oil rises, stocks fall as Iran war enters fifth week and further escalation looms

Oil surged over $115 a barrel this Monday as the war in Iran entered its fifth week. Houthi strikes on Israel have raised concerns that shipping through the Bab al-Mandeb strait could be disrupted, adding to the supply pressure already created by the effective closure of the Strait of Hormuz.

Key takeaways

Quick scan — what you need to know:

• Oil surged over $115 a barrel this Monday as the war in Iran entered its fifth week.
• Houthi strikes on Israel have raised concerns that shipping through the Bab al-Mandeb strait could be disrupted, adding to the supply pressure already created by the effective closure of the Strait…
• Also in this edition, we see how the conflict in the Middle East is affecting a wide range of businesses, including used car dealers in Japan and South Korea.

Background

What led here, in plain terms:

• Houthi strikes on Israel have raised concerns that shipping through the Bab al-Mandeb strait could be disrupted, adding to the supply pressure already created by the effective closure of the Strait…
• Also in this edition, we see how the conflict in the Middle East is affecting a wide range of businesses, including used car dealers in Japan and South Korea.

Why it matters

Why readers and decision-makers should care:

• Also in this edition, we see how the conflict in the Middle East is affecting a wide range of businesses, including used car dealers in Japan and South Korea.
• Oil surged over $115 a barrel this Monday as the war in Iran entered its fifth week.
• Houthi strikes on Israel have raised concerns that shipping through the Bab al-Mandeb strait could be disrupted, adding to the supply pressure already created by the effective closure of the Strait…