A month of conflict in the Middle East, its negative effects are felt in the global economy. The crisis erupted on February 28, when the United States and Israel launched joint attacks on Iran, setting off a series of events that cemented Tehran’s control over the vital Strait of Hormuz. This narrow strait, which connects … 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
Time is ticking for the US-Israel war in Iran. Opinions emerging from oil industry executives and analysts are that the economic and market fallout from the conflict could increase significantly if the Strait of Hormuz is not reopened within the next week to three. However, enough damage may have already been done to keep energy … Read more
Home » AIRLINE NEWS » Thailand Joins Vietnam, Indonesia and Others in Facing Unexpected Tourism Crisis as Skyrocketing Fuel Prices Threaten Southeast Asia’s Economic Stability and Tourism Recovery. Published on March 28, 2026 An image created by Ai Thailand, Vietnam and Indonesia-the three most popular destinations in Southeast Asia-are struggling with tourism crisis fueled by … Read more
The joint US-Israeli attacks on Iran and Tehran’s response have pushed oil prices higher, with Brent crude often rising above $100. Experts say this will not only affect energy prices but also food prices. ADVERTISING ADVERTISING The impact could be particularly strong in Europe, leading to higher food prices and higher living costs. So, how … 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
President Donald Trump has a habit of bending the financial markets to his will. But with the war in Iran, he may have reached the limit of his ability to do so. On Friday, the S&P 500 closed up 1.7% and saw its fifth straight weekly decline, its worst performance since 2022 and a sign … Read more
Open this photo in the gallery: Oil pumps in a farmer’s field near Calgary in November, 2025. The Alberta government had projected a $4.1-billion deficit in the current fiscal year.Todd Korol / Reuters When Alberta Finance Minister Nate Horner released the annual budget more than a month ago, he warned of “difficult decisions” ahead, painting … Read more
Rising oil prices tend to drive up grocery costs, but that doesn’t mean consumers should rush out and save money, economists say. Brent crude has soared above $100 a barrel in recent weeks – after trading near $60 in January – as Iran’s war worsens the Strait of Hormuz, which transports a fifth of the … Read more
In recent years, there have been many warnings about the fragility of New Zealand’s largely imported oil supply. Now, drivers are seeing the cost of that accident at the pump. Nationwide, gasoline is over $3.30 a liter on average. On Auckland’s Waiheke Island, residents protested after prices at the local station exceeded $4 a litre. … Read more