US EditionOil Spike on Iran War Seen Boosting Canada's Growth, Inflation
4 Articles
4 Articles
Israel and the U.S. attacks on the Iranian regime have awakened the spectre, still alive, of global inflation. The rise in oil and natural gas prices following Saturday’s bombings threaten to move into the pocket of a consumer who still hasn’t fully recovered from the 2021 inflationary wave. Although it’s still early to draw conclusions, economists anticipate that the attacks will have an effect on consumer prices. What is yet to be defined is t…
Zambia : Iran oil shock sparks inflation alarm
Oil prices surging due to the Iran strikes risks reigniting global inflation, warns the CEO of global financial advisory giant deVere Group. The stark warning from Nigel Green follows oil’s sharp rally as escalating US military action against Iran has injected fresh volatility into global markets, with Brent crude briefly pushing above $82 a barrel […]
Oil Surges Amid Iran Tensions, Inflation Fears Spike
Oil surged the most in four years as the Iran war threatened to snarl shipping lanes, stoking inflation fears that pummeled Treasuries amid diminishing odds for a rate cut. The dollar rose. Stocks bounced from session lows. Also weighing on bonds were figures showing manufacturing expanded, with input prices soaring. Ten-year yields headed toward their biggest advance since April. The S& Source
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