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Israel Election Deadlock Could Shake Oil, Stocks and Crypto Markets

By Mohammad Shahid

Israel’s election has ended without a clear winner, leaving the future of its war with Iran uncertain. The political deadlock could have major consequences for global oil prices, inflation and financial markets. Exit polls on Tuesday, October 27, showed Prime Minister Benjamin Netanyahu’s coalition trailing the…

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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Crude oil

Unrefined petroleum extracted from the ground; Brent and WTI are its main global price benchmarks.

Oil prices feed into fuel, transport and goods costs, and so into inflation.

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Inflation

The rate at which the general level of prices for goods and services rises over time, usually measured over twelve months.

When prices rise faster than wages, households can buy less with the same income, and central banks may raise interest rates in response.

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Coalition government

A government formed by two or more political parties that agree to work together because none has a majority alone.

Coalitions shape which policies are possible, and disagreements between partners can bring governments down.

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