The tweet was deleted by the author.
But we saved everything 🙂.
Robin Brooks discusses the potential impact of a peace deal on Brent crude oil prices and gasoline costs. He suggests that if an agreement is reached, Brent could move to $85 a barrel and gas prices at the pump may fall back to $4 a gallon in the following weeks.
Brooks highlights the uncertain risk premium in the oil market as geopolitical tensions shift.
Brooks has previously noted that war with Iran and inflation fears can temporarily raise yields in the bond market, while longer-term impacts are shaped by central bank policies such as yield caps. He also discussed the recent global bond market sell-off and the role of Japan’s persistently low yields. His recent comments on oil prices follow earlier analysis of shifting market drivers.