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Middle East War Could Cause Oil Price Shock, World Bank Warns

Hamas International Relations Israel-Gaza War (2023- ) Oil (Petroleum) and Gasoline Prices (Fares, Fees and Rates) World Bank

Middle East War Could Cause Oil Price Shock, World Bank Warns

A new report outlined how a major escalation of the conflict between Israel and Hamas could fuel a new bout of inflation.

By Alan Rappeport

Consumers Kept Spending in September, as Inflation Held Steady

Consumer Behavior Federal Reserve System Inflation (Economics) Interest Rates Prices (Fares, Fees and Rates) United States Economy

Consumers Kept Spending in September, as Inflation Held Steady

Overall inflation stayed at 3.4 percent in September, down from a peak of around 7 percent.

By Jeanna Smialek

Inflation Held Steady in September, While Consumers Spent Robustly

Consumer Behavior Federal Reserve System Inflation (Economics) Interest Rates Prices (Fares, Fees and Rates) United States Economy

Inflation Held Steady in September, While Consumers Spent Robustly

Overall inflation stayed at 3.4 percent in September, down from a peak of around 7 percent.

By Jeanna Smialek

Biden Seeks to Tame Oil Prices if Mideast Conflict Sends Them Soaring

Energy and Power Israel-Gaza War (2023- ) Oil (Petroleum) and Gasoline Politics and Government Prices (Fares, Fees and Rates) Production Russian Invasion of Ukraine (2022) Strategic Petroleum Reserve (US) United States Economy United States Politics and Government

Biden Seeks to Tame Oil Prices if Mideast Conflict Sends Them Soaring

The president has previously drawn down the Strategic Petroleum Reserve to ease price pressures, but that could be more difficult now

By Jim Tankersley and Ben Casselman