US EditionJapan's Wholesale Inflation Cools, but Oil Shock From Iran War Threatens Rebound
Japan's government fuel subsidies helped ease wholesale inflation to 2% in February despite rising import costs and a weak yen, but oil price spikes may renew pressures soon.
6 Articles
6 Articles
Central Banks Scramble as War Drives Up Inflation Expectations
Energy shocks rarely remain confined to energy markets. They propagate through bond markets, fiscal balances and inflation expectations, says Helen Thomas As Winston Churchill once warned: “The statesman who yields to war fever must realise that once the signal is given he is no longer the master of policy, but the slave of unforeseeable and uncontrollable events.” The conflict in Iran is already affecting global markets. Oil prices have surged,…
Oil Shock Looms: War Threatens Supply, Prices May Hit $200
A fresh analysis by global energy consultancy Wood Mackenzie has flagged a severe risk to crude oil markets as conflict involving the United States, Israel and Iran intensifies. Analysts warn that up to 15 million barrels of oil per day could go offline if the war disrupts production and blocks critical shipping routes such as the Strait of Hormuz.The report says such a large supply shock could push crude prices sharply higher, potentially to $1…
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