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Australian petrol prices tend to follow predictable cycles, but they have all gone out the window in recent weeks. In the early days of the Middle East conflict, petrol stations across Brisbane, Sydney and Melbourne raised prices faster than the rise in global oil prices, in what several leading experts said was an attempt to … Read more
The Strait of Hormuz has returned to UK investors as the conflict raises the risk of oil price shocks and wider Middle East conflict. The risk tone on the S&P 500 today could spill over into London, setting higher energy prices and policy uncertainty. ^GSPC sits below key moving averages, and energy-driven volatility is increasing. … Read more
The winners are thin on the ground now. In a case of bad timing, US President Donald Trump last week planned Easter Monday as the day he would “raise hell” if Iran’s leaders reject his latest peace plan. Iran war updates: For the latest on the Middle East conflict, read our blog. It was after … Read more
Mortgage rates have fallen in the last few weeks – but what about long-term rates? Where are rates headed in the next five years, and should you wait for mortgage rates to drop before buying or refinancing? The mortgage interest rate is determined by several factors, all of which can give us clues about the … Read more
Federal Reserve Chairman Jerome Powell has a message for young Americans looking for work in a tough job market: Don’t be discouraged, even though job creation remains weak and the threat of artificial intelligence remains. The chairman of the Fed, who gave comments on Monday to an undergraduate economics class at Harvard University, talked a … Read more
Rising oil prices continue to weigh on the world economy as a result of the war with Iran. Now, some analysts say it could be worst as the conflict continues. The concern is that apart from the effects of rising oil prices, the disruption of the war may come in waves – it will play … Read more
In the war between Iran, the United States and Israel, the economy has become a weapon like missiles, bombs and drones. Iran’s current control over the flow of a fifth of the world’s oil supply through the narrow Strait of Hormuz between Iran and Oman is really threatening to use the fear of economic collapse … Read more
The chairman of the Federal Reserve Jerome Powell, in a wide speech at Harvard University, said on Monday that he sees inflation expectations established despite the rise in energy prices so the central bank does not need to respond with higher interest rates. As his term leading the central bank draws to a close, Powell … Read more
Competitor Dangote has been forced to import raw materials, exposing Nigeria to global price shocks Nigeria’s petrol pump prices rise by 65%, the highest in Africa The collaborative approach has led to a reduction in household raw food supply Nigeria does not have a formal fuel storage policy LAGOS, March 30 (Reuters) – Fuel prices … Read more
Families most affected by the impending energy crisis caused by the Iran war could be given cash grants from local councils, under plans being considered by UK ministers to cover the costs. As concerns grow about the impact of rising fuel and energy costs in response to the ongoing conflict in the Middle East, a … Read more