Skip to main content
Back

Economic and market implications for oil prices

2 March 2026

Paul Kalogirou, Head of Client Portfolio Management, Asia & Global Multi-Asset Solutions

Recent geopolitical tensions involving Iran have renewed focus on oil prices and their potential economic and market effects. Paul Kalogirou, Head of Client Portfolio Management, Asia & Global Multi-Asset Solutions, shares latest views on it.
 

Summary:

  • Short-term market swings may increase, especially when geopolitical tensions affect oil prices, but these episodes have historically tended to be temporary rather than long‑lasting.
  • Higher oil prices may add to inflation uncertainty, which may influence interest rates and market sentiment, even if the broader economic impact remains limited.
  • Different parts of the market may react differently, with some sectors or styles moving more than others, which can make headlines feel more dramatic than the underlying long‑term impact.
  • Stay focused on long‑term goals. For long‑term investing, reacting to short‑term market volatility may do more harm than good.

 

Download full PDF

 

  • Key takeaways from Chinese mainland NPC meeting

    The annual meeting of Chinese mainland’s National People’s Congress (NPC) is concluding this week. The China equity team shares its latest views on key policy developments and analyses the main growth engines supporting high quality growth.

    Read more
  • Latest asset allocation views amid latest Middle East developments

    Against a backdrop of elevated uncertainty, the Multi Asset Strategy Team (MAST) summarizes key market moves, and the potential cross-asset implications.

    Read more
  • Middle East developments - Implications for Asian equities and fixed income

    The Asian Equities and Asian Fixed Income team assess the recent Middle East developments and implications for Asia asset classes.

    Read more
See all
  • Key takeaways from Chinese mainland NPC meeting

    The annual meeting of Chinese mainland’s National People’s Congress (NPC) is concluding this week. The China equity team shares its latest views on key policy developments and analyses the main growth engines supporting high quality growth.

    Read more
  • Latest asset allocation views amid latest Middle East developments

    Against a backdrop of elevated uncertainty, the Multi Asset Strategy Team (MAST) summarizes key market moves, and the potential cross-asset implications.

    Read more
  • Middle East developments - Implications for Asian equities and fixed income

    The Asian Equities and Asian Fixed Income team assess the recent Middle East developments and implications for Asia asset classes.

    Read more
See all