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Michelle Brouhard on the geopolitical risk premium in energy markets

Michelle Brouhard
Photo: Private

Brouhard explains how the future security architecture of the Gulf will shape how energy prices, investments, supplies, and production choices are made.

Recent maritime and military incidents near the Strait of Hormuz highlight how regional conflicts can inflate wholesale energy costs, with disruptions repricing risk across global commodities, causing price volatility for both fossil fuels and the power markets.

Beyond the conflicts, economic forces such as shifts in demand (think about the

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