The ongoing political conflict in the Middle East has caused oil prices to rise, raising fears of inflation that could damage the US economy. The last time inflation rose suddenly was in 2022, and it forced the Federal Reserve to raise interest rates so quickly S&P 500 (SNPINDEX: ^GSPC) The index fell by more than … Read more
Moneywise and Yahoo Finance LLC may receive commission or revenue from the links below. As the Secretary of the Interior, Doug Burgum explained how the increase in oil production in Venezuela could help lower gas prices for Americans, President Donald Trump intervened on a different issue (1): “Forget that – when are they going to … Read more
Travelers planning summer vacations face a tough decision as global oil supply disruptions, caused by conflicts in the Middle East, have pushed up jet fuel prices leading to higher airfares being passed on to passengers. ADVERTISING ADVERTISING According to the latest analysis of the International Transport Organization, the price of world jet fuel stood at … Read more
Americans woke up to higher gas prices on Tuesday, and some experts warned that the global oil crisis could worsen as Yemen’s Houthi rebels join the war against Iran. On Tuesday morning, the average price of gas in the US was US $ 4.018 per gallon, according to AAA, which tracks gas prices nationwide. According … Read more
Printed on 30/03/2026 – 7:07 GMT+2•Updated 10:00 European markets opened lower on Monday as investor sentiment remained cautious amid rising oil prices and political tensions in the Middle East. ADVERTISING ADVERTISING At the time of writing, Germany’s DAX was down about 0.41%, the FTSE 100 was down very slightly, by 0.1%, and France’s CAC 40 … Read more
The war in Iran has continued for almost four weeks without a clear end and with the price of oil above $100 a barrel, many Americans feel the impact when they fill up their car or get their heating bill. This week, Larry Fink, Chairman and CEO of BlackRock, shared his views on the Iran … Read more
Goldman Sachs economist Pierfrancesco Mei published a note on March 26 estimating that rising oil prices will reduce US wage growth by about 10,000 jobs per month until the end of 2026. The bank also expects the unemployment rate to rise 0.2 percentage points overall to 4.6% in Q3 2026. Higher oil prices account for … Read more
Throughout his presidency, Donald galaotega ga lonaka kidnapped and extradited the leader of Venezuela, threatened to annex Greenland, mesed by expelling the chair of the Federal Reserve, and waged an economic war on his closest allies, all while (more or less) keeping the stock market from bearish territory. The Iran War still looks like the … Read more