Clouds are gathering around the world’s financial markets as the US war against Iran enters its fifth week and oil prices are increasing along with many types of products that depend on oil and gas such as fertilizers. Even before the war, there were growing concerns about the stability of the financial system. This is … Read more
As tensions between the United States and Iran escalate, countries are scrambling to secure energy supplies, pursue new alliances and strategic investments to prevent their economies from becoming politically entrenched. Botswana is one of those setting the trend. The landlocked southern African country, which does not produce crude oil, is entirely dependent on exports of … Read more
Written by Michael S. Derby NEW YORK, March 30 (Reuters) – Federal Reserve Bank of New York President John Williams said on Monday that the current state of monetary policy is in a good position to deal with a number of problems that may herald a near-term inflation. “This is an unusual situation,” Williams said … Read more
The chairman of the Federal Reserve Jerome Powell gave a strong assessment of the health of the American finances on Monday, telling a Harvard economics group that while the national debt of $ 39 trillion is not immediately dangerous, the way the country is in requires urgent attention from the lawmakers. Powell said during a … Read more
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 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
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
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
Russian billionaire Oleg Deripaska has urged citizens to adopt a 12-hour, six-day work week to accelerate the country’s economic transformation, The Moscow Times reported on March 30, 2026. Writing on his social media channels, the industrialist argued that Russia’s resources are limited and that the only way to deal with the global crisis is through … Read more