Dubai, 27 July 2026– As global investors look beyond easing inflation and stronger corporate earnings, attention is returning to an old market driver with renewed force: crude oil. For equity markets, the second half of 2026 is shaping up to be less about the trajectory of inflation and more about the geopolitical forces influencing energy prices and the critical trade routes that keep global markets moving.

Razan Hilal, Market Analyst at FOREX.com