Brent at $119. The Central Banks Are Done Pretending This Is Temporary.
Rate hikes are back on the table in London and Frankfurt because the war repriced everything.
Hendrik Van Der Berg
Bureau: Brussels
Europe Keeps Saying No to Hormuz. The Pressure to Say Yes Is Getting Louder.
European allies said nein, non, and no to Hormuz. Then the UK authorized strikes and got targeted. The refusal wall is developing cracks.