Gulf flare-up pushes Brent closer to $100-mark

• Geopolitical tensions in the Gulf, including Iranian attacks on vessels, are pushing oil prices towards $100 a barrel, raising inflation fears.
• Central banks (ECB, Fed, BoE) are expected to continue rate hikes due to inflation, with BoE Governor Andrew Bailey warning of 'upside inflationary risks'.
• Wall Street closed lower, with Asian markets showing a mixed picture, as investors await key US inflation data and Fed decisions.
• The AI CapEx super cycle is seen as a strong demand-driven trend, but concerns exist about circular financing and potential disruption to software business models.

The video discusses escalating geopolitical tensions in the Gulf, driving oil prices near $100 a barrel and fueling inflation fears. Central banks are expected to continue rate hikes, while Wall Street closed lower. The AI CapEx super cycle is seen as a long-term demand story, but concerns about financing costs and rising default rates in private credit markets are also highlighted.