Maurice Obstfeld

Person

Last mentioned: 5d ago

Timeline

  1. Global Austerity

    IMF warns of GDP contraction; SE Asian nations implement emergency energy-saving protocols.

  2. Market Shock

    Oil prices peak at nearly $120 as 20% of world oil supply is cut off.

  3. Missile Strikes

    U.S. and Israel launch strikes killing Ayatollah Ali Khamenei; Strait of Hormuz is effectively closed.

  4. Pre-Conflict Baseline

    Oil prices trade below $70 per barrel with stable global supply.

Stories mentioning Maurice Obstfeld 1

Economy Very Bearish

Global Economy Reels as Strait of Hormuz Closure Triggers Oil Price Shock

The effective closure of the Strait of Hormuz following U.S. and Israeli missile strikes has removed 20 million barrels of oil per day from the market, sending prices as high as $120. This geopolitical shock is driving global inflation, threatening food security in emerging markets, and forcing drastic energy conservation measures across Asia.

6 sources