Analysis: A new oil shock is building. The next few weeks of war will be decisive for the economy.
[ad_1] The clock is ticking on the U.S.-Israeli war in Iran. The emerging view from oil industry executives and analysts is that the economic and market fallout from the war could escalate sharply if the Strait of Hormuz isn’t reopened within roughly the next one to three weeks. Even then, enough damage may have been done […]
Retail firms warn of price hikes if Iran war extends for months
[ad_1] Shipping containers are stacked at the port of Los Angeles in Long Beach, California, U.S., March 10, 2026. Caroline Brehman | Reuters Retail firms are warning that the conflict in the Middle East is driving up costs and could lead to price hikes if the war continues beyond the short term. Instability in the […]
Oil giants raise the alarm over energy shortages as Iran war drags on
[ad_1] Wael Sawan, chief executive officer of Shell Plc, at the CERAWeek by S&P Global conference in Houston, Texas, US, on Tuesday, March 24, 2026. Bloomberg | Bloomberg | Getty Images A trio of European energy CEOs has sounded a warning over energy supplies, amid the ongoing conflict in Iran and restricted access through the […]
Recession odds climb on Wall Street as economy shows cracks beneath the surface
[ad_1] Vanessa Nunes | Istock | Getty Images Federal Reserve Chair Jerome Powell last week pushed back when asked whether stagflation posed a threat to the U.S. economy. His successor may face a tougher challenge, as Wall Street forecasters raise their expectations of recession, brought on in part by the Iran war and potential for […]
It’s not just oil and gas. The Strait of Hormuz blockage is rattling another vital commodity
[ad_1] Workers unload urea fertilizer from a cargo ship in Yantai Port, Shandong Province, China on March 13, 2026. Cfoto | Future Publishing | Getty Images Farmers in the northern hemisphere are heading into the crucial spring months, during which major fieldwork must begin. Their peers in the south, meanwhile, are busy harvesting crops before […]
How the Iran war is changing the way countries think about renewables
[ad_1] Workers check vehicle frames on the production line for electric vehicle maker Zeekr at its factory on May 29, 2025 in Ningbo, China. Kevin Frayer | Getty Images News | Getty Images The fallout from the Iran war is likely to expedite the shift away from fossil fuels and make countries think differently about […]
Stagflation alarm bells ring in the euro zone as energy crunch hits the global economy
[ad_1] Workers of German steel manufacturer Salzgitter AG stand in front of a furnace at a plant in Salzgitter, Germany, March 1, 2018. Fabian Bimmer | Reuters Private sector output in the euro zone sank to a 10-month low in March, amid mounting evidence of the impact the Iran conflict is having on the global […]
Trump tells CNBC ‘we are very intent on making a deal’ with Iran
[ad_1] President Donald Trump said in a Truth Social post Monday that, following talks with Iranian authorities, he ordered the U.S. military to postpone strikes on Iran’s power plants and energy infrastructure for five days. He told CNBC’s Joe Kernen in a phone call shortly after the post that “we are very intent on making […]
More than 40 Middle East energy assets ‘severely damaged,’ IEA chief says
[ad_1] Fatih Birol, executive director of the International Energy Agency (IEA), speaks at the National Press Club in Canberra, Australia, on Monday, March 23, 2026. Bloomberg | Bloomberg | Getty Images The head of the International Energy Agency said on Monday that at least 40 energy assets across nine countries in the Middle East have […]
Work from home, drive slower and don’t use gas cookers: IEA advice on weathering the global energy crisis
[ad_1] FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. Picture taken March 24, 2016. Nick Oxford | Reuters Supply measures alone won’t be enough to mitigate […]