Gaurav, Kamil and Stefan unpack the latest developments in the Middle East conflict and what they mean for the global economy. The world still runs on oil, and Middle East producers are keen to sell, but the Strait of Hormuz blockage is squeezing supply routes and pushing storage higher, with production cuts looming. The team asks what all of this means for Europe, APAC and the broader global outlook, weighing up winners and losers. In markets moving by the hour, even keeping track of the day of the week has become a challenge.

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