Which path best explains how war risk reaches your wallet?

Answer: Energy risk feeds transport and wider prices

War headlines trigger instant markups everywhere — Not quite. Headlines matter, but prices do not jump everywhere instantly for the same reason. The path usually runs through specific systems such as energy, shipping, and supply costs.

Oil moves first, then sentiment does the rest — Partly right because oil is often an early signal. But the rest is not mostly sentiment — transport, insurance, production, and broader price pressure help carry the shock further.

Energy risk feeds transport and wider prices ✓ — Correct! War risk can first affect energy and transport, then spread into broader prices. That is the path that turns a distant geopolitical shock into a local wallet problem.