Wake Up to Money Crude Awakenings
Mar 13, 2026
Linda Yu, economist at Oxford and LBS, explains timing of inflation after energy shocks. Jane Foley, Rabobank FX strategist, reviews currency, equities and market moves from oil and geopolitics. Wayne Chapman, CEO of Stasi UK, describes rising fuel costs and pressure on transport and delivery networks. They discuss oil volatility, Gulf shipping disruption, logistics cost pass-through and central-bank responses.
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Prepare For Delayed Interest Rate Cuts
- Expect central banks to delay or reverse planned rate cuts as energy-driven inflation risks persist and safe-haven flows push yields up.
- Jane Foley highlights markets repricing Fed, BoE and other central-bank expectations after the energy shock.
Fuel Spikes Immediately Squeeze Logistics Margins
- Fuel is an immediate and large cost for logistics firms; a 23% rise in bunker prices hits carriers and passes through to clients.
- Wayne Chapman says fuel is ~30% of transport costs and many contracts use fuel escalators to forward costs.
Policy Relief May Cushion But Not Resolve Shock
- Consumer relief measures can temporarily offset energy pain but pass-through to prices is lagged and uncertain.
- Linda Yu notes upcoming policies (energy measures, rail freeze) may cut inflation short-term but supply shocks could hold rates steady.