According to Jinshi, tensions in the Middle East pushed up oil prices for the day as the United States and Britain launched strikes in Yemen. Tankers are avoiding the Red Sea shipping lanes to stay away from the current intensified conflict. From the technical charts, the fundamental development is well timed for oil, and prices have once again successfully avoided falling below the 200-week moving average. However, the resilience and rise in oil prices this week only added a small episode to the narrative of inflation retreat, which, while not a major blow, is likely to prolong the entire process. Market participants are eager to price in the central bank's interest rate cuts before the middle of the year, and what has happened recently may not be the result they expected.