Oil Prices Set to Remain Elevated Amid Middle East Tensions

Erick Mokaya, founder of Mwango Capital, believes that global oil prices will remain elevated due to ongoing conflict in the Middle East. Speaking with Arise News, Mokaya stated that as long as tensions persist, oil prices are likely to continue rising.

Mokaya noted that while some market participants may have been relieved by temporary expectations of easing tensions, there is still no clear resolution in sight. This uncertainty has kept oil prices elevated, with Mokaya warning that prolonged geopolitical instability could sustain inflationary pressures and influence central bank decisions.