America’s Economy Faces a New War Shock: Surging Oil Prices

The Bernanke Consensus on Oil Shocks Is Truer Than Ever

It was always a bit silly to equate oil shocks with tighter monetary policy.

Oil shock could put RBA in a bind on rate cuts

Amid rising global tensions and higher oil prices, the Reserve Bank faces a delicate balancing act as it weighs interest rate cuts against creeping inflation.

Economies face a potential war shock: Surging oil prices

Oil prices are likely to depend on whether Iran's parliament decides to block the Strait of Hormuz, a key trade route that accounts for 20 percent of the world's crude oil.

America’s economy faces a new war shock: Surging oil prices | News Channel 3-12

By Auzinea Bacon, CNN (CNN) — The American economy faces the unwelcome prospect of reignited inflation after the United States launched strikes on three nuclear facilities in Iran. High oil and gas prices are a near certainty, experts say. The big question now: How long will the fossil fuels price spike last? Oil prices are expected to rise by about $5 per barrel when markets open Sunday night, according to experts. “We are looking at $80 oil on…

America’s economy faces a new war shock: Surging oil prices

By Auzinea Bacon, CNN (CNN) — The American economy faces the unwelcome prospect of reignited inflation after the United States launched strikes on three nuclear facilities in Iran. High oil and gas prices are a near certainty, experts say. The big question now: How long will the fossil fuels price spike last? Oil prices are expected to rise by about $5 per barrel when markets open Sunday night, according to experts. “We are looking at $80 oil on…