Bloomberg Surveillance · Tuesday, September 8, 2026
Peter Scheer of Academy Securities believes markets have underestimated geopolitical risks, specifically the impact of rising diesel prices, which he sees as more pervasive than oil prices. While acknowledging the current status quo in conflicts, he noted Brent crude nearing $100 and expressed optimism for a calmer situation in Russia and Ukraine next year, but emphasized the need to build drone manufacturing capacity.
“So I think the market's doing relatively the right thing. Though, again, we're seeing Brent at 98. I think maybe the markets have underplayed it a little bit too much. So I think we're at that ebb and flow. And I think there's this risk right now people are going to have to start pricing in not just higher oil prices, but to me, it's really diesel. I keep watching diesel very closely. I feel that permeates the economy much more. That's ticking higher. So I think we've got to be a little bit careful there.”
“And I'd like to see us, you know, I keep waiting for us to show up in Iran with 500,000 drones. And it seems like that's probably a longer way than it should be for an economy like ours who've seen the importance of this.”