The renewed escalation of tensions in the Middle East has once again pushed oil markets into the spotlight, raising concerns about inflation, supply disruptions, and the broader impact on global economic growth. Crude oil prices have surged in recent weeks as hopes of a diplomatic breakthrough between the United States and Iran continue to fade, leaving investors grappling with fresh uncertainty.
Speaking to ET Now, Arnab Das, Global Macro Strategist, said the path to a meaningful compromise between Washington and Tehran remains highly challenging given the range of unresolved issues, including Iran's nuclear programme, enriched uranium stockpiles, ballistic missile capabilities, drones, and regional proxy networks.
