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Podcast: Money Matters with Hongbin Jeong and Chua Tian Tian
Episode: Wealth Tracker: Oil volatile amid Iran-Iraq tensions - But could prices fall to $40s?
Description: Prices surged, then quickly gave up gains as escalating tensions between Iran and Israel rattled a region responsible for a third of the world’s crude. But behind the short-term volatility lies a deeper shift in the global energy landscape—one that could redefine the future of oil demand.While Brent and WTI recently notched their strongest weeks of the year earlier this month, some analysts warn that the momentum may be fleeting, with prices potentially dipping into the $40s. At the same time, the global center of energy demand is beginning to tilt—from China to a rapi...