Brent crude oil officially breaks through $110 per barrel, rising another 7% tonight!

WTI also surged to $104, up nearly 4% intraday, spot gold briefly touched $4,800 per ounce, and safe-haven assets are all rallying.
The trigger was still Trump's speech on Iran — "In the next two to three weeks, we will strike extremely hard, knocking them back to the Stone Age." The speech not only failed to ease market concerns but was interpreted as an escalation of the conflict, leading to a rapid re-pricing of risk premiums in the oil market.
Goldman Sachs has raised its Brent average price forecast for March-April to $110, and in an extreme scenario, even warned it could surpass the 2008 record of $147.
Oil prices surge, inflation risks return. Federal Reserve officials are still downplaying it as a "short-term shock," but the market has already started re-pricing the risks of monetary tightening. When oil hits $110, the Fed's rate cut script might be unwriteable.
#油价 #Brent crude oil #伊朗局势 #Inflation #Federal Reserve