1. Middle East conflict has sharply escalated with reports of missile attacks in Qatar and the UAE, plus sirens in Bahrain, fueling widespread market uncertainty.
2. The EIA projects the conflict will cut Middle East oil production by up to 9.1 million barrels per day in April and push Brent prices to a peak of $115/bbl in Q2 2026.
3. Fed official Goolsbee expressed serious concern over a 'stagflationary shock' from the oil price surge, placing the Fed in a difficult policy situation.
Middle East Tensions Explode, EIA Warns of Major Oil Shock, Fed Fears Stagflation
