Crude oil will go up Big bullish trend as you see As shipping costs and supply chains get disrupted alongside higher oil prices, all of this risks stoking the inflation fire for the time being. In turn, major central banks will have to be rather careful in pushing too hard on any disinflation narrative. For now, the overall impact is still rather minimal I would say so central banks can still get away with whatever they want. But if the situation in the Red Sea is one that persists for a longer period, it could slow down the speed at which inflation returns towards the desired level that markets and policymakers are hoping for.