Keywords: Oil shock
Asian currencies are under increasing pressure as rising global oil prices trigger concerns about a wider financial and economic shock across the region. Several Asian economies, particularly major oil-importing countries, are facing significant currency depreciation as energy costs climb and global......
Electric vehicle registrations rose sharply across Western Europe in April 2026, with several countries recording record or near-record battery electric vehicle market shares as consumers increasingly turned away from combustion-engine cars amid fuel price surges driven by the ongoing conflict in the......
Fatih Birol said the conflict involving Iran and a coalition led by the United States and Israel has created the most severe global energy crisis on record, surpassing both the oil shocks of the 1970s and disruptions linked to the war in Ukraine. Speaking publicly on Tuesday, he said the combined impact......
Rising oil prices linked to tensions in the Strait of Hormuz are driving a sharp divide among leading economic forecasters over the outlook for global inflation. With crude holding above 100 dollars per barrel, Oxford Economics and Royal Bank of Canada present contrasting scenarios, underscoring uncertainty......
The oil shock from six weeks of U.S.-Iran war drives consumer prices higher in advanced economies, while much of the developing world stays sheltered, widening inflation divergence and reshaping global bond outlooks. Heading into 2026, emerging market inflation stabilized near central bank targets, backed......
Ruchir Sharma, chairman of Rockefeller International, warned this weekend that the world has never entered a crisis carrying such a heavy debt burden, leaving the United States, despite being the world's largest oil producer, particularly exposed to the energy shock triggered by the Iran war. In......
The head of the International Energy Agency has declared that the global energy shock caused by the Iran war is the most severe on record, warning that no country will be spared its effects as oil prices surge and critical supply routes remain severed. IEA Executive Director Fatih Birol, speaking at......
Goldman Sachs has sharply increased its oil price outlook for 2026, citing what it describes as the largest supply shock in history driven by the near-total disruption of flows through the Strait of Hormuz. The bank now expects Brent crude to average $85 per barrel this year, up from a previous forecast......
Companies around the world are rapidly introducing energy surcharges as the oil shock linked to the Iran conflict pushes costs higher across transport, manufacturing, agriculture, and consumer industries. Economists warn that the combination of rising inflation and slowing economic growth is reviving......
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