MenuThe war in the Middle East and the on-again, off-again closure of the Strait of Hormuz have dominated news cycles for months. The oft-predicted economic apocalypse hasn’t materialized. Yet. Read the full article here.
Tag Archives: Oil Prices
Trump Worries Ukraine Strategy Is Driving Up Diesel Prices
Russia faces an acute energy and fuel crisis following months of Ukrainian attacks on its refineries and other energy infrastructure. This has created long lines and economic slowdowns in Russia, forcing some regions to ration fuel. Read the full article here.
Beyond Oil: Disruption In Hormuz Spells Trouble For Global Markets
This past Saturday, July 4th, saw two major events on the world stage. In America, jubilant crowds celebrated 250 years of independence, replete with fireworks, air shows, sizzling heat, and congratulations from around the globe, including the EU, UK, Germany, Italy, Ukraine, Poland, Russia, India, Saudi Arabia, the UAE, Israel, and many others. Read the full article
The Iran Deal Drives Oil Prices Down, But Uncertainty Looms
The announcement that Washington and Tehran have agreed to end hostilities and restore commercial access to the Strait of Hormuz has had a massive impact on markets. Crude futures dropped sharply. Read the full article here.
Even For Americans, In A War, Energy Independence Has Its Limits
Oil prices collapsed from $119.54 in the Asian intra-day trade on March 9th to $89.88 on April 17th, after Iran announced that, following a ceasefire in Lebanon, it would keep the Strait of Hormuz open for the duration of the ceasefire. While no one knows exactly what will happen next as far as the conflict goes, it is
Rising Oil Prices Fuel Inflation And Threaten Biden’s Re-Election
The world economy has mostly recovered from the COVID-19 pandemic, but nonetheless, US inflation remains well above the desired 2% threshold at an estimated 3.7% in August. Core inflation for the year 2023 is expected to be 4.3%. It is possible that the Fed would need to apply another rate hike to drive inflation down,