Families preparing for Eid al-Fitr and farmers ready for harvest are being squeezed in a country that gets nearly all its oil through the Persian Gulf.
Category: Economic Conditions and Trends
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Surging Energy Costs Put German Industry ‘Really in Danger’
Four years after the Russian invasion of Ukraine sent energy prices soaring, the war in Iran is posing another challenge to efforts to revive European factories.
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Fallout From Iran War and Oil Shock Deliver Another Blow to World Economy
Countries already walloped by a breakdown of the international trading order, war in Ukraine and chaotic U.S. policymaking are facing potentially lasting economic damage.
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Countries Scramble to Shore Up Global Oil Supplies as Ships Are Attacked
The United States and Israel launched more strikes against Iran, where crowds mourned military commanders killed in the war. Israel also bombed targets in Lebanon, where the death toll climbed.
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Trump Directs Iran War Keeping Markets Top of Mind
President Trump again demonstrated his desire to keep the stock markets aloft when he suggested U.S. attacks on Iran could end soon.
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Elevated Energy Prices Add to Fed’s Dilemma on Interest Rates
Investors now expect that the Fed will delay a rate cut until September instead of July, as they had before the war in Iran began.
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Oil Remains Potent Geopolitical Tool, Decades After Energy Crisis
The war in the Middle East has sent prices soaring, showing how much the world continues to depend on reliable supplies of oil and gas.
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War-Induced Inflation Spike Looms Over Europe’s Economic Recovery
For months, the region has been encouraged by low inflation and better-than-expected economic growth. A disruption to energy supplies from the Middle East could knock it off course.
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Oil and Natural Gas Prices Extend Rally as Iran Attacks Escalates
Energy prices continued to rise on Tuesday as attacks by the United States and Israel on Iran intensified, along with the country’s response.
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How India Became One of the World’s Biggest Economies
India has grown rapidly despite its slow industrialization, and its economy is now nearly as big as Japan’s.
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A World Where All Is Free? That’s Elon Musk’s Theory of ‘Sustainable Abundance.’
The Tesla and SpaceX chief has told his followers that they will live in a world where robots will take care of every need and people do not have to work, in what has become his latest slogan.
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India Built the World’s Back Office. A.I. Is Starting to Shrink It.
Artificial intelligence promises to automate the white-collar work that made India a tech powerhouse. The country is racing to adapt before it’s too late.