The Israel-Hamas war has had little effect on the price of oil so far because neither Israel nor the Gaza Strip produces much oil. If oil exporters got involved, things might change.
Inflation has hit 6.1%, and the rate of inflation on necessities is 7.6%. Bringing it down will require still higher interest rates and exquisite judgement in order to avoid a recession.
The shock waves from Russia’s invasion of Ukraine rippling through world energy, food and trade supply lines are profound, but not big enough to split the global economy
Ghana will be hit by rising fuel as well as food prices as a result of the war in Ukraine.
Photo by Nipah Dennis / AFP via Getty Images
While some stereotype Alberta as a “conservative” province, the bucking and swift horses that typify the Calgary Stampede speak to a more complex spirit of risk seen in local musicians.
Has the world entered an era of ultra-low prices? An energy scholar argues that a long period of low oil prices will set the U.S. – and globe – back on the economy and the environment.
An Iranian boy walk past next to a wall painting of Iran’s national flag in a street of the capital city of Tehran, Iran, in early January.
Abedin Taherkenareh/EPA
Indonesia, which has the world’s largest Muslim population, is expected to face no political impacts from US-Iran conflict due to Indonesia’s minimal involvement in the region.
Spigots still open: Despite rising tensions, oil is flowing and meeting demand.
Ali Mohammadi/Bloomberg
Tensions between Iran and the US have spiked, but oil prices have barely budged. Why not? And is the oil markets’ muted response an accurate reflection of the rising tensions?
A soldier guards a fuel distribution centre in El Salto, Mexico.
EPA-EFE/FRANCISCO GUASCO
Professor in Transport and Supply Chain Management and Deputy Director, Institute of Transport and Logistics Studies (ITLS), University of Sydney Business School, University of Sydney