Higher energy prices and uncertainty over the war in the Middle East will boost inflation and weigh on economic growth, a new forecast says.
Category: International Trade and World Market
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How Kharg Island May Change the Trajectory of the Iran War
Kharg Island exports 90 percent of Iran’s crude oil. It has also become a potential U.S. target. Peter Eavis, our Business reporter, examines how the small island in the Persian Gulf has become a strategic target with significant risks.
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The Oil Price Shock Could Make Italian Ice More Expensive
Higher energy prices caused by the war with Iran could affect more than just prices at the pump for American consumers.
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As Gas Prices Spike, California Is Hit Hardest
A gallon has climbed to nearly $6 in the state, about $2 above the national average.
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Investors Question Whether Quick Peace in Iran Is Possible
Global markets are under pressure again amid doubts that the fighting in the Middle East can end anytime soon.
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Energy Attacks in War on Iran Could Turn Economic Shock Into Long-Term Damage
A new phase targeting oil and gas infrastructure in the Persian Gulf threatens to hurt businesses and customers around the world for months or even years.
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War in Iran Reveals Strait of Hormuz’s Weakness as an Oil Bottleneck
But at just 35 miles wide, it did. It’s just the latest evidence of how dependent the global economy is on a handful of choke points.
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The U.S. Economy Is Insulated From High Oil Prices. Americans Aren’t.
The overall economy has proved resilient in recent years, even as many households have struggled. The war with Iran is following the same pattern.