Treasury Secretary Scott Bessent said removing sanctions on Iranian oil would lower global prices.
Category: Prices (Fares, Fees and Rates)
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Central Banks Brace for Inflation as Energy Prices Surge
Traders now expect Europe’s central bankers to raise rates this year to address a sharp increase in inflation because of higher energy prices.
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Central Banks Brace for Inflation as Energy Prices Surge
Traders now expect Europe’s central bankers to raise rates this year to address a sharp increase in inflation because of higher energy prices.
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Attacks on Energy Infrastructure Could Lead to Much Higher Prices
Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually end.
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Gas Prices in Japan Hit Record High, Testing Leader’s Cost-of-Living Pledge
Japan is deploying subsidies to blunt fuel price increases but remains vulnerable to the long-term economic risks of the war in the Middle East.
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Gas Prices in Japan Hit Record High, Testing Leader’s Cost-of-Living Pledge
Japan is deploying subsidies to blunt fuel price increases but remains vulnerable to the long-term economic risks of the war in the Middle East.
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Oil Prices Keep Climbing on Heightened Fears Over Energy Supplies
Attacks on major energy facilities in Iran and Qatar injected new uncertainty into the outlook for oil and gas prices.
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The Iran War’s Economic Threat to Europe and Asia
Inflation and its consequences for growth is a growing concern for countries where memories of the 2022 energy crisis are fresh.
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Ozempic Is About to Go Generic in India, China and Canada
In India, China and several other nations, Novo Nordisk is on the verge of losing patent protection for its blockbuster weight loss drug, opening the door for cheaper competing versions.
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Trump Renews Demand for Rate Cuts as Fed Grapples With War in Iran
Oil prices are soaring, threatening a wider problem with inflation, but the president has insisted that borrowing costs must be lowered.
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Iran’s South Pars Gas Field Is Attacked, Sending Energy Prices Soaring
The field is part of a vast gas reservoir shared by Iran and Qatar. The strike appeared to be one of the most significant attacks on an energy site since the U.S.-Israeli air war against Iran began.