The Specter of Global Inflation Returns Riding the Waves of Oil and Shipping

The Financial Times highlighted the deep challenges posed by the latest IMF reports. Tensions in the Middle East and the Strait of Hormuz have caused a massive surge in international shipping costs, immediately reflecting on oil and consumer goods prices. This new inflationary wave strikes consumer purchasing power and drives investors toward gold for protection, while making the manufacturing cost of modern technology, including electric vehicles, more challenging and difficult.