Geopolitical risks are rising - but oil markets dismiss them

Too much focus on isolated events

clock • 3 min read

Rarely does a month go by without a major geopolitical incident in the Middle East.

The region accounts for 34% of oil production and 48% of world proved reserves (BP Statistical Review of World Energy, June 2019). In short, it is an important oil region. On 12 May, four commercial ships were damaged off Fujairah's coast in the Gulf of Oman. Iran was widely blamed for these attacks. Oil price rise reaction: 'Likely to remain volatile' On 13 June, two oil tankers were attacked near the Strait of Hormuz while they transited the Gulf of Oman. On 4 July, UK forces seized an Iranian tanker on suspicion of breaking EU sanctions on Syria. On 19 July, Iran retali...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Emerging markets

JPM AM's Hugh Gimber: Thinking more broadly about EM stocks

JPM AM's Hugh Gimber: Thinking more broadly about EM stocks

Client demand into region rising

Hugh Gimber
clock 26 March 2024 • 4 min read
Four Graphs explaining India

Four Graphs explaining India

Four experts write

Investment Week
clock 12 February 2024 • 4 min read
JEMI's Omar Negyal: Emerging markets are well positioned to support AI boom

JEMI's Omar Negyal: Emerging markets are well positioned to support AI boom

Early adaption is key

Omar Negyal
clock 11 January 2024 • 2 min read
Trustpilot