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IRAN WAR IMPACT ON FUEL
Global Market: Bank of England’s Pill says early rate hike could limit future inflation pressureBank of England Chief Economist Huw Pill said an early interest rate hike could help contain rising inflation pressures and reduce the need...- US diesel prices hit a record high of $5.85 as Iran war disrupts the flow of fuelUS Iran war: Diesel fuel has reached an unprecedented average price of $5.85 per gallon. This surge is directly linked to the ongoing six-m...
- Trump doubles down on sanctions, military pressure as Iran refuses to yieldThe Trump administration employs economic pressure and military threats against Iran. Iran's government has refused to yield to these inten...
- Blackouts and bigger bills: Pakistan's energy dilemma deepens as Middle East war hurts supplyPakistan’s energy crisis is worsening as disrupted LNG supplies and soaring spot prices force Islamabad to choose between expensive fuel an...
- Global bond slump looks painful, but its nothing like the 2022 routGlobal bond markets are experiencing a selloff, though less severe than four years ago. Current yield increases are smaller, providing some...
- Iran-US attacks restart: Refiners in the crosshairs again as some Gulf cargoes stand delayed, cancelledIndian refiners face mounting crude supply disruptions from the Gulf region. Rising vessel attacks and transit bottlenecks are causing sign...
- Has the US lost the war against Iran and its bases in the Middle East? Here’s how Tehran’s Kheibar Shekan ‘Castle Breaker’ missiles are raining down on American forcesIran's Kheibar Shekan missile is challenging US military bases across the Middle East. These attacks follow US strikes on Iranian targets n...
- War, weather push crop prices to biggest monthly gain Since 2012Crop prices saw their largest monthly jump in over a decade. Wheat prices reached a three-year high as Black Sea shipments were impacted. S...
- Iran war could keep inflation high, ECB policymaker Rehn warns, FT reportsEuropean Central Bank must prepare for a prolonged Middle East conflict. This situation could maintain elevated inflation within the Eurozo...
- Asia's refined fuel imports hit post-war low, can the Middle East help?Asia’s refined-fuel imports fell to their lowest level since the Iran conflict began, with August shipments of light and middle distillates...
- Donald Trump vows to hit Iran hard after first exchanges of fire in a monthIran launched missiles at two United States air bases in Jordan overnight. This action followed a United States strike on Iran's Larak Isla...
- US strikes Iranian rocket launchers near Larak Island on Strait of Hormuz; Tehran vows retaliationUS Iran war: United States forces struck Iranian rocket launchers near the Strait of Hormuz. This action marks the first military engagemen...
- Turkey, Saudi Arabia, Pakistan to hold first defence pact meeting, source saysTop officials from Turkey, Saudi Arabia, and Pakistan met Monday for a defense accord. This joint defense agreement aims to strengthen coll...
- ‘Lake America’, Kim Jong Un and more: Trump’s distraction game heats up as Iran war drags on and midterms loomFrom trolling Canada about a lake to suddenly talking about Kim Jong Un, Donald Trump's recent distractions speak louder than words. A week...
- War weighs on Iran's economy as US intensifies sanctionsIranian leaders admit economic hardship from war and sanctions, while vowing to resist US pressure. President Pezeshkian stated foreign tra...
- Iran's president Masoud Pezeshkian admits sanctions impacting economyIran's President Masoud Pezeshkian acknowledged sanctions impact the nation's economy. He stated that Iran is in a war situation and must a...
- US consumer sentiment drops in August on inflation worriesIn August, U.S. consumer sentiment took a hit, largely due to ongoing inflation concerns and the escalating conflict in the Middle East. Th...
- Oil Price Today (August 27): Crude oil dips to $87, down for 4th session amid Hormuz reopening hopes. What are experts saying?Oil prices slipped on Thursday, extending their losing streak, as hopes of a Strait of Hormuz reopening grew amid diplomatic efforts involv...
- Oil prices extend losses on expectations talks to ease Middle East supply woesOil prices have declined as discussions between Iran and Qatar may pave the way for reopening the crucial Strait of Hormuz. This reopening ...
- Another airline shuts down as US-Iran war keeps fuel costs high; hydrogen-electric air taxi startup abandons plans before launching passenger flightsAustralia's Stralis, an airline startup, is shutting down after plans for hydrogen-electric air taxi flights failed to reach commercial rea...
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