A Two-Week Window That Could Ruin Global Commodity Markets | OilPrice.com

A Two-Week Window That Could Ruin Global Commodity Markets | OilPrice.com

The common concept used by the markets remains, at least according to financial analysts: what is bought is what counts. Oil is still higher but has not yet shown an uncontrollable trend. LNG is still being certified but is still sold in known or common forms. Property prices are increasing, insurers are reducing risk, and … Read more

Iran’s currency is rising even further as consumer prices rise

The Iranian military uses schools and public spaces during the US-Israel conflict

The 33-page document shared with Iran International by the hacktivist group Edalat-e Ali (Justice of Ali) is marked “top secret” and named. Guidelines for Identifying, Monitoring, and Using Standards. This document is linked to the Special Intelligence Documentation Center and Deputy Operations of the IRGC missile command. Missile operation plan What emerges from this order … Read more

Economist Paul Krugman has a Dark Idea about the Iran War

Economist Paul Krugman has a Dark Idea about the Iran War

Last week, President Donald Trump made two ridiculous moves on Iran. He began by threatening to “destroy” Iran’s energy plants unless the Strait of Hormuz was safely opened. He gave a deadline of 48 hours. Then, before that deadline came, Trump backed down. But minutes before he did, the oil markets saw a huge spike … Read more

Gas stations tried to ‘shape’ the market – now it’s shaping them

An illustration of complex lines of charts superimposed on large blue drops on a fading gradient and white background.

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

Insiders profit as pressure levels increase in the global economy

A man is holding a can of petrol next to his car.

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

Albanese was on the brink of a fatal error – but then came the pivot

Albanese was on the brink of a fatal error - but then came the pivot

When Scott Morrison announced that it was not a “race” to get vaccines first and quickly into Australia during the COVID epidemic, it was another nail in the coffin of his aging prime minister. Prime Ministers who do not unite at a time when the public is afraid and looking for leadership lose the public’s … Read more

Sri Lanka is preparing for new economic challenges as the war against Iran continues

A series of petrol stations in Kandy, Sri Lanka [Ashkar Thasleem/ Al Jazeera]

Kandy, Sri Lanka On a sunny March day in the hill town of Kandy in central Sri Lanka, Keerthi Rathna waited in a snaking line to buy her share of petrol for her three-wheeled tuk-tuk. The amount he was allocated by the government was 20 liters (about 5 liters) per week. In the past, Rathna … Read more

The Iran conflict is destroying the economy, but experts are predicting a rise in defense spending – Breaking Defense

The Iran conflict is destroying the economy, but experts are predicting a rise in defense spending - Breaking Defense

BEIRUT – Amid the conflict in Iran, oil production facilities and shipping lanes – namely the Strait of Hormuz – have been targeted, disrupting the local and global economy. Imports such as natural gas from Qatar and the United Arab Emirates, as well as oil from Kuwait, Bahrain, Saudi Arabia and the UAE have experienced … Read more