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
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 price of oil rose sharply to $ 116 a barrel after Donald Trump said he wanted to “take oil from Iran”, sending Asian markets to fall. Brent crude, the international oil benchmark, rose 2% in early trade on Monday, after Trump said he may seize Iran’s offshore Kharg Island facility. Trump told the Financial … Read more
LAUNCESTON, Australia, March 30 (Reuters) – A month after the US and Israel attacked Iran, the global market for the supply of crude oil, refined products and liquefied natural gas is now at its second worst. Everything depends on the Strait of Hormuz. This chokepoint, which typically accounts for 20% of the world’s crude, products … Read more
TThe cities that are the bulwark of China’s energy security, in times of global crisis, can appear deceptively quiet. Oil trucks ply the open roads with little traffic, while a few quaint shops in dilapidated buildings give a hint of a long-forgotten local vibe. The ramshackle noodle shop serving hand-pulled noodles was empty at lunchtime, … Read more
It’s not easy being a global economy right now. One month into the US and Israel’s war against Iran, fears are raising concerns about everything from supply chains to airline travel. While the price of a barrel of oil remains north of $100, from $70 before the war, the price of gas in the US … Read more
The price of Brent crude oil is on track for its biggest monthly gain recorded in March after the Iran conflict sent markets into turmoil. Brent crude, the international benchmark, has risen 51% since the start of March, LSEG data show, hitting a monthly record of 46% in September 1990 after Saddam Hussein invaded Kuwait, … Read more
Home » GOOD NEWS » Iran Joins Thailand, Malaysia, and Singapore in Slowing Southeast Asian Tourism, With Ongoing Middle East Conflict, Rising Oil Prices, and Investor Concerns Threatening Long-Term Growth. Published on March 29, 2026 An image created by Ai Iran’s decline in its share of tourism during the Middle East conflicts of 2026 is … Read more
Finance Minister Koo Yun-cheol, center, speaks during a joint meeting of relevant ministries on emergency economic response measures to the Middle East conflict at the Government Complex in Seoul, Thursday. Yonhap The Korean government may extend its five-day mandatory ban on vehicle operations to include private vehicles if global oil prices rise above $120 a … Read more