{"id":7070,"date":"2026-04-06T13:12:47","date_gmt":"2026-04-06T10:12:47","guid":{"rendered":"https:\/\/oqtima.news\/?p=7070"},"modified":"2026-04-06T13:13:40","modified_gmt":"2026-04-06T10:13:40","slug":"geopolitical-analysis-april-6-2026","status":"publish","type":"post","link":"https:\/\/oqtima.news\/jp\/2026\/04\/geopolitical-analysis-april-6-2026\/","title":{"rendered":"\u6226\u4e89\u3001\u539f\u6cb9\u3001\u30a4\u30f3\u30d5\u30ec\u3001\u305d\u3057\u3066FRB\uff1a\u30db\u30eb\u30e0\u30ba\u6d77\u5ce1\u306e\u30ea\u30b9\u30af\u304c\u4eca\u9031\u3092\u5b9a\u7fa9\u3059\u308b\uff5c2026\u5e744\u67086\u65e5"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"7070\" class=\"elementor elementor-7070\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e126604 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e126604\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-69509890\" data-id=\"69509890\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5330d87a elementor-widget elementor-widget-text-editor\" data-id=\"5330d87a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: left;\" data-start=\"265\" data-end=\"286\"><strong data-start=\"265\" data-end=\"286\">\u8981\u65e8<\/strong><\/p><p style=\"text-align: left;\" data-start=\"288\" data-end=\"1011\">As of Monday, April 6, 2026, the market is starting the week with one dominant question: does the Middle East energy shock stay a severe but temporary supply disruption, or does it harden into a broader inflation and policy problem. Reuters reports that Trump has threatened strikes on Iranian infrastructure if the Strait of Hormuz is not reopened by Tuesday, Brent is near $110, and OPEC+ has approved only a modest quota increase for May. At the same time, the March U.S. jobs report came in stronger than expected, which gives the Fed less room to look through higher energy prices. FT\u2019s latest week ahead framing is also centered on how much the war will feed into U.S. inflation.<\/p><p style=\"text-align: left;\" data-start=\"1013\" data-end=\"1034\"><strong data-start=\"1013\" data-end=\"1034\">\u4f55\u304c\u8d77\u304d\u3066\u3044\u308b\u306e\u304b<\/strong><\/p><p style=\"text-align: left;\" data-start=\"1036\" data-end=\"1671\">\u6700\u521d\u306e\u554f\u984c\u306f\u3001\u611f\u60c5\u8ad6\u3060\u3051\u3067\u306a\u304f\u3001\u7269\u7406\u7684\u306a\u30a8\u30cd\u30eb\u30ae\u30fc\u4f9b\u7d66\u306e\u6df7\u4e71\u3067\u3059\u3002IEA\u306b\u3088\u308b\u3068\u3001\u30db\u30eb\u30e0\u30ba\u6d77\u5ce1\u3092\u901a\u904e\u3059\u308b\u77f3\u6cb9\u304a\u3088\u3073\u77f3\u6cb9\u88fd\u54c1\u306f1\u65e5\u3042\u305f\u308a\u7d042,000\u4e07\u30d0\u30ec\u30eb\u3067\u3001\u3053\u308c\u306f\u4e16\u754c\u306e\u6d77\u4e0a\u77f3\u6cb9\u8cbf\u6613\u306e\u7d044\u5206\u306e1\u306b\u76f8\u5f53\u3057\u307e\u3059\u3002\u307e\u305f\u3001\u4e16\u754c\u306eLNG\u8cbf\u6613\u306e\u7d0419.<\/p><p style=\"text-align: left;\" data-start=\"1673\" data-end=\"2219\">\u305d\u308c\u306f\u3001\u5e02\u5834\u304c\u30d5\u30e9\u30c3\u30c8\u30d7\u30e9\u30a4\u30b9\u30af\u30eb\u30fc\u30c9\u304b\u3089\u30b7\u30b9\u30c6\u30e0\u5168\u4f53\u3067\u306e\u5e0c\u5c11\u6027\u4fa1\u683c\u8a2d\u5b9a\u3078\u3068\u79fb\u884c\u3057\u3064\u3064\u3042\u308b\u305f\u3081\u3001\u91cd\u8981\u3067\u3059\u3002\u30ed\u30a4\u30bf\u30fc\u901a\u4fe1\u306b\u3088\u308b\u3068\u3001\u30a2\u30b8\u30a2\u3068\u30e8\u30fc\u30ed\u30c3\u30d1\u306e\u77f3\u6cb9\u7cbe\u88fd\u696d\u8005\u306f\u5927\u897f\u6d0b\u76c6\u5730\u306e\u539f\u6cb9\u3092\u6c42\u3081\u3066\u8e8d\u8d77\u306b\u306a\u3063\u3066\u304a\u308a\u3001WTI\u30df\u30c3\u30c9\u30e9\u30f3\u30c9\u306e\u5317\u30a2\u30b8\u30a2\u5411\u3051\u30d7\u30ec\u30df\u30a2\u30e0\u306f\u5730\u57df\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u3092\u7d04$30\uff5e$40\u4e0a\u56de\u308a\u3001\u30e8\u30fc\u30ed\u30c3\u30d1\u5411\u3051\u306fDated Brent\u3092\u7d04$15\u4e0a\u56de\u3063\u3066\u3044\u307e\u3059\u3002FT\u3082\u3001\u6700\u60aa\u306e\u6df7\u4e71\u304c\u51fa\u767a\u3057\u305f\u6e7e\u5cb8\u304b\u3089\u6700\u5f8c\u306eLNG\u8ca8\u7269\u304c\u76ee\u7684\u5730\u306b\u8fd1\u3065\u304f\u306b\u3064\u308c\u3066\u3001\u4e16\u754c\u304c\u30ac\u30b9\u4f9b\u7d66\u306e\u5d16\u3063\u3077\u3061\u306b\u76f4\u9762\u3057\u3066\u3044\u308b\u3068\u8b66\u544a\u3057\u3066\u3044\u307e\u3059\u3002.<\/p><p style=\"text-align: left;\" data-start=\"2221\" data-end=\"2766\">\u3064\u76ee\u306e\u554f\u984c\u306f\u3001\u30de\u30af\u30ed\u7684\u306a\u4f1d\u64ad\u3067\u3042\u308b\u3002BLS\u306e\u516c\u5f0f\u30c7\u30fc\u30bf\u306b\u3088\u308b\u3068\u30013\u6708\u306e\u7c73\u975e\u8fb2\u696d\u90e8\u9580\u96c7\u7528\u8005\u6570\u306f17\u4e078,000\u4eba\u5897\u52a0\u3057\u3001\u5931\u696d\u7387\u306f4.3\uff05\u8fd1\u8fba\u3092\u7dad\u6301\u3057\u305f\u3002FRB\u306f3\u670818\u65e5\u3001\u91d1\u5229\u30923.5\uff5e3.75\uff05\u306b\u636e\u3048\u7f6e\u304d\u3001\u4eca\u5f8c\u5165\u3063\u3066\u304f\u308b\u30c7\u30fc\u30bf\u3068\u30ea\u30b9\u30af\u3092\u6ce8\u610f\u6df1\u304f\u898b\u6975\u3081\u308b\u3068\u8ff0\u3079\u305f\u3002\u30ed\u30a4\u30bf\u30fc\u901a\u4fe1\u306b\u3088\u308b\u3068\u3001\u5f37\u3044\u96c7\u7528\u7d71\u8a08\u3068\u30aa\u30a4\u30eb\u30b7\u30e7\u30c3\u30af\u304c\u5229\u4e0b\u3052\u671f\u5f85\u3092\u62bc\u3057\u4e0b\u3052\u3066\u304a\u308a\u3001\u30af\u30ea\u30fc\u30d6\u30e9\u30f3\u30c9\u9023\u9280\u306e\u4e88\u6e2c\u3067\u306f\u3001\u30b3\u30a2\u30a4\u30f3\u30d5\u30ec\u306f\u5b89\u5b9a\u3057\u3066\u3044\u308b\u3068\u3057\u3066\u3082\u3001\u30d8\u30c3\u30c9\u30e9\u30a4\u30f3\u30a4\u30f3\u30d5\u30ec\u306f\u3059\u3067\u306b\u6226\u4e89\u306b\u95a2\u9023\u3057\u305f\u30a8\u30cd\u30eb\u30ae\u30fc\u5727\u529b\u306b\u3088\u3063\u3066\u5f15\u304d\u4e0a\u3052\u3089\u308c\u3066\u3044\u308b\u3002.<\/p><p style=\"text-align: left;\" data-start=\"2768\" data-end=\"3151\">\u4eca\u65e5\u306e\u672c\u8cea\u7684\u306a\u89e6\u5a92\u3067\u306f\u306a\u3044\u3082\u306e\u306e\u3001\u7b2c\u4e09\u306e\u8981\u56e0\u306f\u8cbf\u6613\u3067\u3042\u308b\u3002\u30ed\u30a4\u30bf\u30fc\u901a\u4fe1\u306b\u3088\u308b\u3068\u30015\u6708\u306b\u4e88\u5b9a\u3055\u308c\u3066\u3044\u308b\u9996\u8133\u4f1a\u8ac7\u3092\u524d\u306b\u3001\u7c73\u56fd\u3068\u4e2d\u56fd\u306e\u7dca\u5f35\u95a2\u4fc2\u304c\u4f9d\u7136\u3068\u3057\u3066\u6ce8\u76ee\u3055\u308c\u3066\u304a\u308a\u3001\u95a2\u7a0e\u3001\u30ec\u30a2\u30a2\u30fc\u30b9\u3001\u6280\u8853\u30a2\u30af\u30bb\u30b9\u306b\u95a2\u3059\u308b\u554f\u984c\u306f\u672a\u89e3\u6c7a\u306e\u307e\u307e\u3067\u3042\u308b\u3002\u3053\u308c\u306f\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u30b7\u30e7\u30c3\u30af\u304c\u7de9\u548c\u3055\u308c\u305f\u3068\u3057\u3066\u3082\u3001\u7523\u696d\u30fb\u88fd\u9020\u696d\u306e\u540d\u524d\u306f\u4eca\u56db\u534a\u671f\u3082\u7b2c\u4e8c\u306e\u5730\u653f\u5b66\u7684\u30ea\u30b9\u30af\u30c1\u30e3\u30cd\u30eb\u306b\u76f4\u9762\u3059\u308b\u3053\u3068\u3092\u610f\u5473\u3059\u308b\u3002.<\/p><p style=\"text-align: left;\" data-start=\"3153\" data-end=\"3193\"><strong data-start=\"3153\" data-end=\"3193\">\u5e02\u5834\u3078\u306e\u5f71\u97ff\u3068\u30c8\u30ec\u30fc\u30c0\u30fc\u306e\u30dd\u30b8\u30b7\u30e7\u30f3<\/strong><\/p><p style=\"text-align: left;\" data-start=\"3195\" data-end=\"3682\">\u3053\u308c\u307e\u3067\u306e\u5e02\u5834\u306e\u53cd\u5fdc\u306f\u3001\u5178\u578b\u7684\u306a\u30a4\u30f3\u30d5\u30ec\u7684\u306a\u4f9b\u7d66\u30b7\u30e7\u30c3\u30af\u3068\u4e00\u81f4\u3057\u3066\u3044\u307e\u3059\u3002\u30ed\u30a4\u30bf\u30fc\u901a\u4fe1\u306b\u3088\u308b\u3068\u3001\u6708\u66dc\u65e5\u306b\u539f\u6cb9\u304c\u518d\u3073\u4e0a\u6607\u3057\u3001\u50b5\u5238\u5229\u56de\u308a\u306f\u4e0a\u6607\u3057\u3001\u30c9\u30eb\u306f\u5168\u4f53\u7684\u306b\u5805\u8abf\u3092\u7dad\u6301\u3057\u307e\u3057\u305f\u304c\u3001\u5229\u56de\u308a\u306e\u4e0a\u6607\u3068\u5805\u8abf\u306a\u52b4\u50cd\u5e02\u5834\u306e\u80cc\u666f\u306b\u3088\u308a\u3001\u5229\u56de\u308a\u306e\u306a\u3044\u30d8\u30c3\u30b8\u306e\u9b45\u529b\u304c\u4f4e\u4e0b\u3057\u305f\u305f\u3081\u3001\u91d1\u306f\u5341\u5206\u306b\u6069\u6075\u3092\u53d7\u3051\u3089\u308c\u307e\u305b\u3093\u3067\u3057\u305f\u3002\u6b27\u5dde\u682a\u5f0f\u306f\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u304c\u9ad8\u304f\u3001\u30c8\u30ec\u30fc\u30c0\u30fc\u306f\u505c\u6226\u3078\u306e\u671f\u5f85\u306b\u3088\u308b\u4e00\u6642\u7684\u306a\u53cd\u767a\u3068\u3001\u30db\u30eb\u30e0\u30ba\u6d77\u5ce1\u306e\u30ea\u30b9\u30af\u304c\u60aa\u5316\u3059\u308b\u306b\u3064\u308c\u3066\u518d\u3073\u640d\u5931\u3092\u51fa\u3059\u9593\u3067\u63fa\u308c\u52d5\u3044\u3066\u3044\u307e\u3059\u3002.<\/p><p style=\"text-align: left;\" data-start=\"3684\" data-end=\"4200\">\u5730\u56f3\u4e0a\u3067\u6700\u3082\u8106\u5f31\u306a\u306e\u306f\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u8f38\u5165\u56fd\u7d4c\u6e08\u3068\u30a8\u30cd\u30eb\u30ae\u30fc\u591a\u6d88\u8cbb\u7523\u696d\u3067\u3042\u308a\u7d9a\u3051\u307e\u3059\u3002\u30ed\u30a4\u30bf\u30fc\u901a\u4fe1\u306b\u3088\u308b\u3068\u3001ECB\u306f\u653f\u7b56\u5bfe\u5fdc\u3092\u6df7\u4e71\u306e\u898f\u6a21\u3068\u6301\u7d9a\u6027\u306b\u660e\u78ba\u306b\u7d50\u3073\u3064\u3051\u3066\u304a\u308a\u3001\u65e5\u9280\u306f\u539f\u6cb9\u9ad8\u3068\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u903c\u8feb\u306b\u3088\u308b\u6210\u9577\u30ea\u30b9\u30af\u306b\u3064\u3044\u3066\u8b66\u544a\u3057\u3001\u30a4\u30f3\u30c9\u306f\u4eca\u9031\u306eRBI\u7dcf\u4f1a\u3092\u3001\u50b5\u5238\u5229\u56de\u308a\u304c\u4e0a\u6607\u3057\u3001\u5186\u304c\u6ce8\u8996\u3055\u308c\u308b\u4e2d\u3067\u8fce\u3048\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u539f\u6cb9\u4fa1\u683c\u306e\u4e0a\u6607\u304c\u30a4\u30f3\u30d5\u30ec\u3068\u5916\u90e8\u30d0\u30e9\u30f3\u30b9.<\/p><p style=\"text-align: left;\" data-start=\"4202\" data-end=\"4712\">FT\u3068\u30a2\u30eb\u30b8\u30e3\u30b8\u30fc\u30e9\u306f\u3001\u7570\u306a\u308b\u89d2\u5ea6\u304b\u3089\u540c\u3058\u70b9\u3092\u88dc\u5f37\u3057\u3066\u3044\u308b\u3002FT\u306f\u3001\u6226\u4e89\u306b\u3088\u308b\u30b7\u30e7\u30c3\u30af\u304c\u7c73\u56fd\u306e\u30a4\u30f3\u30d5\u30ec\u306b\u3069\u308c\u307b\u3069\u5f71\u97ff\u3059\u308b\u304b\u3092\u554f\u3044.<\/p><p style=\"text-align: left;\" data-start=\"4714\" data-end=\"4762\"><strong data-start=\"4714\" data-end=\"4762\">\u8003\u3048\u3089\u308c\u308b\u5c55\u958b\u3068\u30c8\u30ec\u30fc\u30c0\u30fc\u306e\u30dd\u30b8\u30b7\u30e7\u30f3<\/strong><\/p><p style=\"text-align: left;\" data-start=\"4764\" data-end=\"5282\">\u3053\u306e\u78ba\u7387\u7684\u67a0\u7d44\u307f\u306f\u3001\u5831\u9053\u3068\u516c\u5f0f\u30c7\u30fc\u30bf\u304b\u3089\u306e\u79c1\u306e\u63a8\u8ad6\u3067\u3042\u308a\u3001\u516c\u8868\u3055\u308c\u305f\u4e88\u6e2c\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u30b7\u30ca\u30ea\u30aa1\u306f\u3001\u7ba1\u7406\u3055\u308c\u305f\u4e00\u6642\u505c\u6b62\u3067\u3001\u7d0430\u30d1\u30fc\u30bb\u30f3\u30c8\u3067\u3059\u3002\u3053\u306e\u7d4c\u8def\u3067\u306f\u3001\u505c\u6226\u6848\u304c\u52e2\u3044\u3092\u5897\u3057\u3001\u30db\u30eb\u30e0\u30ba\u6d77\u5ce1\u306e\u8f38\u9001\u91cf\u304c\u7269\u7406\u7684\u306a\u4f9b\u7d66\u3092\u5b89\u5b9a\u3055\u305b\u308b\u306e\u306b\u5341\u5206\u306a\u307b\u3069\u6539\u5584\u3057\u3001\u539f\u6cb9\u306e\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u304c\u5727\u7e2e\u3055\u308c\u59cb\u3081\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u822a\u7a7a\u4f1a\u793e\u3001\u8f38\u9001\u3001\u6d88\u8cbb\u8005\u5faa\u74b0\u682a\u3001\u91d1\u5229\u306b\u654f\u611f\u306a\u682a\u5f0f\u306b\u5f79\u7acb\u3061\u3001\u50b5\u5238\u3068\u8f38\u5165\u30a4\u30f3\u30d5\u30ec\u3078\u306e\u5727\u529b\u3092\u7de9\u548c\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002.<\/p><p style=\"text-align: left;\" data-start=\"5284\" data-end=\"5808\">\u30b7\u30ca\u30ea\u30aa2\u306f\u3001\u5b8c\u5168\u306b\u4e2d\u65ad\u3059\u308b\u3053\u3068\u306a\u304f\u6df7\u4e71\u304c\u9577\u671f\u5316\u3059\u308b\u3082\u306e\u3067\u3001\u7d0445\uff05\u3001\u307e\u3060\u57fa\u672c\u30b1\u30fc\u30b9\u306e\u3088\u3046\u306b\u898b\u3048\u308b\u3002\u3053\u306e\u30b7\u30ca\u30ea\u30aa\u3067\u306f\u3001\u4e00\u90e8\u306e\u8239\u8236\u306f\u52d5\u3044\u305f\u3082\u306e\u306e\u3001\u30b7\u30b9\u30c6\u30e0\u306b\u306f\u5927\u304d\u306a\u969c\u5bb3\u304c\u6b8b\u308a\u3001\u4ee3\u66ff\u71c3\u6599\u306f\u9ad8\u6b62\u307e\u308a\u3057\u3001\u30a4\u30f3\u30d5\u30ec\u30c7\u30fc\u30bf\u306f\u30a8\u30cd\u30eb\u30ae\u30fc\u30fb\u30b7\u30e7\u30c3\u30af\u3092\u691c\u8a3c\u3057\u59cb\u3081\u308b\u3002\u3053\u306e\u5834\u5408\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u751f\u7523\u8005\u3001\u53b3\u9078\u3055\u308c\u305f\u9632\u885b\u95a2\u9023\u9298\u67c4\u3001\u30c9\u30eb\u8907\u5408\u4f53\u306e\u4e00\u90e8\u306f\u5f15\u304d\u7d9a\u304d\u30b5\u30dd\u30fc\u30c8\u3055\u308c\u3001\u822a\u7a7a\u4f1a\u793e\u3001\u8f38\u5165\u696d\u8005\u3001\u6b27\u5dde\u30b7\u30af\u30ea\u30ab\u30eb\u9298\u67c4\u3001\u77f3\u6cb9\u306b\u654f\u611f\u306a\u65b0\u8208\u5e02\u5834\u306f\u5727\u529b\u4e0b\u306b\u7f6e\u304b\u308c\u308b\u3002.<\/p><p style=\"text-align: left;\" data-start=\"5810\" data-end=\"6329\">\u30b7\u30ca\u30ea\u30aa3\u306f\u30a4\u30f3\u30d5\u30e9\u306e\u30a8\u30b9\u30ab\u30ec\u30fc\u30b7\u30e7\u30f3\uff08\u7d0425\uff05\uff09\u3067\u3042\u308b\u3002\u30a4\u30e9\u30f3\u306e\u30a4\u30f3\u30d5\u30e9\u3092\u653b\u6483\u3059\u308b\u3068\u3044\u3046\u7c73\u56fd\u306e\u8105\u3057\u304c\u5b9f\u884c\u306b\u79fb\u3055\u308c\u3001\u5831\u5fa9\u63aa\u7f6e\u304c\u6e7e\u5cb8\u306e\u30a8\u30cd\u30eb\u30ae\u30fc\u8cc7\u7523\u5168\u4f53\u306b\u62e1\u5927\u3057\u305f\u5834\u5408\u3001\u5e02\u5834\u306f\u9ad8\u30a4\u30f3\u30d5\u30ec\u5727\u529b\u304b\u3089\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u61f8\u5ff5\u306e\u6df1\u307e\u308a\u3078\u3068\u79fb\u884c\u3059\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3002\u305d\u306e\u5834\u5408\u3001\u6700\u521d\u306e\u52d5\u304d\u306f\u4f9d\u7136\u3068\u3057\u3066\u539f\u6cb9\u9ad8\u3068\u77ed\u671f\u91d1\u5229\u306e\u4e0a\u6607\u3068\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u304c\u3001\u6b21\u306e\u52d5\u304d\u306e\u4e2d\u5fc3\u306f\u4e0d\u6cc1\u306e\u4fa1\u683c\u8a2d\u5b9a\u3001\u8a3c\u62e0\u91d1\u306e\u5727\u7e2e\u3001\u305d\u3057\u3066\u682a\u5f0f\u306e\u30ea\u30b9\u30af\u30aa\u30d5\u306e\u52d5\u304d\u304c\u5f37\u307e\u308b\u3060\u308d\u3046\u3002.<\/p><p style=\"text-align: left;\" data-start=\"6331\" data-end=\"6345\"><strong data-start=\"6331\" data-end=\"6345\">\u7d50\u8ad6<\/strong><\/p><p style=\"text-align: left;\" data-start=\"6347\" data-end=\"7085\">\u4eca\u9031\u3001\u6700\u3082\u91cd\u8981\u306a\u5909\u6570\u306f\u660e\u78ba\u3067\u3059\u3002\u7b2c\u4e00\u306b\u3001\u706b\u66dc\u65e5\u306e\u30db\u30eb\u30e0\u30ba\u6d77\u5ce1\u306e\u671f\u9650\u304c\u3001\u5b9f\u969b\u306e\u518d\u958b\u3001\u9762\u5b50\u3092\u4fdd\u3064\u305f\u3081\u306e\u59a5\u5354\u3001\u307e\u305f\u306f\u8ecd\u4e8b\u7684\u30a8\u30b9\u30ab\u30ec\u30fc\u30b7\u30e7\u30f3\u306b\u3064\u306a\u304c\u308b\u304b\u3069\u3046\u304b\u3002\u7b2c\u4e8c\u306b\u3001\u7279\u306b\u30bf\u30f3\u30ab\u30fc\u4ea4\u901a\u3001\u539f\u6cb9\u4fa1\u683c\u5dee\u3001LNG\u306e\u5165\u624b\u53ef\u80fd\u6027\u3068\u3044\u3063\u305f\u7269\u7406\u7684\u306a\u6307\u6a19\u304c\u6539\u5584\u3059\u308b\u304b\u3069\u3046\u304b\u3002\u7b2c\u4e09\u306b\u3001\u6728\u66dc\u65e5\u306ePCE\u3068\u91d1\u66dc\u65e5\u306eCPI\u304c\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u30b7\u30e7\u30c3\u30af\u304cFRB\u3092\u3088\u308a\u9577\u304f\u636e\u3048\u7f6e\u304b\u305b\u308b\u307b\u3069\u6025\u901f\u306b\u7c73\u56fd\u30a4\u30f3\u30d5\u30ec\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u3066\u3044\u308b\u3053\u3068\u3092\u78ba\u8a8d\u3057\u59cb\u3081\u308b\u304b\u3069\u3046\u304b\u3002\u7b2c\u56db\u306b\u3001\u4eca\u9031\u306e\u30a4\u30f3\u30c9\u6e96\u5099\u9280\u884c\uff08RBI\uff09\u304a\u3088\u3073\u305d\u306e\u4ed6\u306e\u4e2d\u592e\u9280\u884c\u306e\u30e1\u30c3\u30bb\u30fc\u30b8\u304c\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u8f38\u5165\u56fd\u5168\u4f53\u306e\u653f\u7b56\u30b7\u30d5\u30c8\u3092\u793a\u3057\u59cb\u3081\u308b\u304b\u3069\u3046\u304b\u3002\u73fe\u6642\u70b9\u3067\u306f\u3001\u5730\u653f\u5b66\u7684\u306a\u30d7\u30ec\u30df\u30a2\u30e0\u306f\u4f9d\u7136\u3068\u3057\u3066\u30de\u30af\u30ed\u7d4c\u6e08\u7684\u306a\u30d7\u30ec\u30df\u30a2\u30e0\u306b\u306a\u308a\u3064\u3064\u3042\u308a\u3001\u305d\u308c\u304c\u4eca\u9031\u306e\u4e3b\u8981\u306a\u53d6\u5f15\u30e1\u30c3\u30bb\u30fc\u30b8\u3067\u3042\u308a\u7d9a\u3051\u307e\u3059\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e681641 elementor-widget elementor-widget-text-editor\" data-id=\"e681641\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: left;\"><b>\u30bd\u30fc\u30b9<\/b><\/p><p style=\"text-align: left;\">4\u67085\u65e5\u304b\u30894\u67086\u65e5\u306b\u304b\u3051\u3066\u306e\u30ed\u30a4\u30bf\u30fc\u306e\u30de\u30fc\u30b1\u30c3\u30c8\u3068\u30a8\u30cd\u30eb\u30ae\u30fc\u306b\u95a2\u3059\u308b\u5831\u9053\uff08\u30db\u30eb\u30e0\u30ba\u3001\u539f\u6cb9\u3001WTI\u30d7\u30ec\u30df\u30a2\u30e0\u3001\u7c73\u4e2d\u8cbf\u6613\u3001ECB\u3001\u65e5\u9280\u3001RBI\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306b\u95a2\u3059\u308b\u9031\u660e\u3051\u306e\u5831\u9053\uff09\u3001BLS2026\u5e743\u6708\u96c7\u7528\u60c5\u52e2\u3001\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff08FRB\uff093\u670818\u65e5\u58f0\u660e\u3001IEA\u30db\u30eb\u30e0\u30ba\u6d77\u5ce1\u30d6\u30ea\u30fc\u30d5\u30a3\u30f3\u30b0\u3001FT\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30af\u30a8\u30b9\u30c1\u30e7\u30f3\u3068FT\u30a8\u30cd\u30eb\u30ae\u30fc\u5831\u9053\u3001\u30a2\u30eb\u30b8\u30e3\u30b8\u30fc\u30e9\u306eOPEC+\u3068\u6e7e\u5cb8\u30ac\u30b9\u969c\u5bb3\u306b\u95a2\u3059\u308b\u5831\u9053\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-410910b elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"410910b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15a4f71 elementor-widget elementor-widget-text-editor\" data-id=\"15a4f71\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: left;\"><em>\u672c\u5206\u6790\u306f\u60c5\u5831\u63d0\u4f9b\u3092\u76ee\u7684\u3068\u3057\u3066\u304a\u308a\u3001\u8ca1\u52d9\u30a2\u30c9\u30d0\u30a4\u30b9\u3084\u6295\u8cc7\u63a8\u5968\u3092\u884c\u3046\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u5e02\u5834\u74b0\u5883\u306b\u306f\u5927\u304d\u306a\u4e0d\u78ba\u5b9f\u6027\u304c\u542b\u307e\u308c\u3066\u304a\u308a\u3001\u5b9f\u969b\u306e\u4e8b\u8c61\u306f\u8aac\u660e\u3057\u305f\u30b7\u30ca\u30ea\u30aa\u3068\u306f\u5927\u304d\u304f\u7570\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u904e\u53bb\u306e\u5b9f\u7e3e\u306f\u5c06\u6765\u306e\u7d50\u679c\u3092\u793a\u3059\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u6295\u8cc7\u5bb6\u306f\u3001\u6295\u8cc7\u5224\u65ad\u3092\u4e0b\u3059\u524d\u306b\u72ec\u81ea\u306e\u8abf\u67fb\u3092\u884c\u3044\u3001\u8cc7\u683c\u3092\u6709\u3059\u308b\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u306b\u76f8\u8ac7\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002.<br \/><\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-10705c3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"10705c3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-3012b91\" data-id=\"3012b91\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7684909 elementor-author-box--image-valign-top elementor-widget__width-initial elementor-widget elementor-widget-author-box\" data-id=\"7684909\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"author-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-author-box\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.linkedin.com\/in\/thomas-murray-034817303\/\" class=\"elementor-author-box__avatar\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/oqtima.news\/wp-content\/uploads\/2024\/04\/Thomas-Murray-Profile-Picture-e1712911035771-300x300.png\" alt=\"\u30c8\u30fc\u30de\u30b9\u30fb\u30de\u30ec\u30fc\u306e\u5199\u771f\" loading=\"lazy\">\n\t\t\t\t<\/a>\n\t\t\t\n\t\t\t<div class=\"elementor-author-box__text\">\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.linkedin.com\/in\/thomas-murray-034817303\/\">\n\t\t\t\t\t\t<h4 class=\"elementor-author-box__name\">\n\t\t\t\t\t\t\tThomas Murray\t\t\t\t\t\t<\/h4>\n\t\t\t\t\t<\/a>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-b8443eb\" data-id=\"b8443eb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-01867c2 elementor-widget elementor-widget-post-info\" data-id=\"01867c2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-030d8d0 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/oqtima.news\/jp\/2026\/04\/06\/\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-calendar\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>2026\u5e744\u67086\u65e5<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>2026\u5e744\u67086\u65e5\u6708\u66dc\u65e5\u73fe\u5728\u3001\u5e02\u5834\u306f\u3053\u306e\u9031\u30921\u3064\u306e\u4e2d\u5fc3\u7684\u306a\u7591\u554f\u3092\u62b1\u3048\u3066\u30b9\u30bf\u30fc\u30c8\u3057\u3066\u3044\u307e\u3059\u3002\u4e2d\u6771\u306e\u30a8\u30cd\u30eb\u30ae\u30fc\u30b7\u30e7\u30c3\u30af\u306f\u3001\u6df1\u523b\u306a\u304c\u3089\u3082\u4e00\u6642\u7684\u306a\u4f9b\u7d66\u9014\u7d76\u306b\u3068\u3069\u307e\u308b\u306e\u304b\u3001\u305d\u308c\u3068\u3082\u3088\u308a\u5e83\u7bc4\u306a\u30a4\u30f3\u30d5\u30ec\u3068\u653f\u7b56\u554f\u984c\u3078\u3068\u786c\u76f4\u5316\u3059\u308b\u306e\u304b\u3001\u3068\u3044\u3046\u7591\u554f\u3067\u3059\u3002.<\/p>","protected":false},"author":4,"featured_media":6990,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[92],"tags":[93],"class_list":["post-7070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-geopolitical-analysis","tag-geopolitical-analysis"],"_links":{"self":[{"href":"https:\/\/oqtima.news\/jp\/wp-json\/wp\/v2\/posts\/7070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/oqtima.news\/jp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/oqtima.news\/jp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/oqtima.news\/jp\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/oqtima.news\/jp\/wp-json\/wp\/v2\/comments?post=7070"}],"version-history":[{"count":7,"href":"https:\/\/oqtima.news\/jp\/wp-json\/wp\/v2\/posts\/7070\/revisions"}],"predecessor-version":[{"id":7077,"href":"https:\/\/oqtima.news\/jp\/wp-json\/wp\/v2\/posts\/7070\/revisions\/7077"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/oqtima.news\/jp\/wp-json\/wp\/v2\/media\/6990"}],"wp:attachment":[{"href":"https:\/\/oqtima.news\/jp\/wp-json\/wp\/v2\/media?parent=7070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/oqtima.news\/jp\/wp-json\/wp\/v2\/categories?post=7070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/oqtima.news\/jp\/wp-json\/wp\/v2\/tags?post=7070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}