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Today's top 3 stories, curated by Daily Direct.
Global energy markets are reeling as Persian Gulf conflict disrupts oil and gas supplies, forcing the world's top energy consumers to turn back to coal. The shift marks one of the most significant reversals in the decades-long effort to phase out the dirtiest fossil fuel. For climate goals already under strain, the timing could not be worse.
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BlackRock's Evy Hambro argues that commodities are entering a powerful new supercycle, driven by energy security concerns, AI-related materials demand, and persistent inflation pressures. The conversation tackles why gold underperformed during the latest market shock — a counterintuitive stumble that has forced investors to reassess traditional safe-haven assumptions. With mining valuations still relatively cheap and structural demand accelerating, Hambro makes the case that most portfolios remain significantly underweight real assets.
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Oil prices climbed as the conflict in the Middle East broadened, with Yemen's Houthi militants entering the fray and the United States deploying additional troops to the region. The escalation raises fresh concerns about supply disruptions in one of the world's most critical energy corridors. Markets are watching closely as geopolitical risk premiums build back into crude pricing.
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