Oil, Iran and China: What markets are really telling us about the Middle East tensions

Recent events involving Iran led to increased global market attention regarding the Middle East, with Brent crude briefly spiking towards $140 per barrel before receding to around $100. The market’s reaction reflects a resilient system, absorbing shocks without prolonged disruption, supported by diversified supply and strategic reserves. The Strait of Hormuz remains a critical chokepoint, but its importance is tempered by the ongoing strategic reserves.