Oil Crisis InflationThe ongoing oil crisis exacerbated by the war is unprecedented, with the IEA stating it is worse than the 1970s shocks combined. Even if temporary de-escalation occurs and oil prices stabilize, inflation will persist due to a lag in gas price adjustment, with experts predicting a peak in retail gas prices by April. Thus, short-term market reactions may seem optimistic, but long-term inflation pressures will likely hinder recovery, leading to for rate cuts.