UBS CEO: Energy prices expected to remain high, Middle East conflicts may inject "inflation pressure" into the supply chain.

Sergio Ermotti, CEO of UBS Group, said that as investors gradually digest the impact of the conflict in the Middle East on the global economy, energy prices may continue to remain high. In the foreseeable future, energy prices may stay elevated, creating some inflationary pressure on the supply chain. Ermotti stated that although it will take some time to fully digest the overall impact of geopolitical conflicts, his clients have not made significant adjustments to their asset allocation as a result.