Markets Start to Crash - Joe Blogs
Oil prices have surged above $80 per barrel the highest level since January 2025 and analysts are now asking whether $100 oil could be next.
In this video, I provide an update on the impact of the Iran conflict on the global economy and explain why energy markets are reacting so strongly.
We are now seeing:
Brent crude trading above $80
Natural gas prices jumping by around 30%
Increased risk around the Strait of Hormuz
Large-scale missile and UAV activity across the Gulf
Stock markets starting to reprice geopolitical risk
After Russia invaded Ukraine, many countries shifted heavily towards LNG imports. With Middle East shipping routes now under threat, natural gas prices have surged and that feeds directly into electricity costs, business expenses and consumer inflation.
Higher oil and gas prices dont just affect fuel at the pump. They impact:
Electricity bills
Manufacturing costs
Food prices
Transport and logistics
Inflation expectations
Central bank policy
Global growth in 2026
If energy prices remain elevated, we could see higher inflation and weaker economic growth next year.
So is $100 oil coming?