Oil Surpasses $100 Amid High Alert in Iran

U.S. crude remains above $100, and Brent crude has reached a five-month high following statements from Iran warning that it is prepared for war. Tensions in the Middle East threaten the global oil supply, driving prices upward and putting upward pressure on inflation worldwide.

Higher oil prices benefit energy companies like YPF, but they may complicate the outlook for consumer-sector stocks and bonds in emerging markets—including Argentina—due to the inflationary impact they generate on a global scale.