Interest rates set to rise significantly in the long term
Over the past few weeks and months, it has become apparent that, as tensions in the Middle East escalate, the price of oil – as well as many other markets – hardly reacts negatively to this at all.
The price of oil has fallen sharply since it appeared that Iran and the US were on the verge of reaching an agreement. Recently, however, it has become clear that the two sides are finding it far from easy to reach an agreement. In fact, hostilities have flared up again recently and Iran has once more closed the Strait of Hormuz.
You will no doubt recall...
