Federal Reserve Chair Jerome Powell said that the U.S. economy is facing a supply shock from the disruption of Middle East oil supplies after previous shocks like the COVID-19 pandemic and tariffs ...

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Gas lines and quadrupling oil prices freaked out American consumers. But the oil crises also transformed global finance. By Jeff Sommer Jeff Sommer writes Strategies, a weekly column on markets, ...

European gas prices have surged 70% and storage is running low. Supply disruptions, rising inflation and the prospect of ECB tightening are raising fears of a repeat of the 2022 energy crisis. In a ...

The region’s stores of natural gas are running at the lowest level in years, and filling them up is increasingly daunting as the U.S.-led war in Iran pushes up prices. Source: Gas Infrastructure ...

There are better signs out of the Middle East, but even peace tomorrow won’t stop the existing oil and gas crisis. So why don’t investors care? For a moment there, it felt like we’d stepped through ...

Major disruptions in Qatar (15% of global LNG) and Australia have triggered a severe natural gas shortage, far worse than the oil shock. Gas prices have spiked sharply (Asia +143%, Europe +85%), with ...

[JAKARTA] Indonesia’s manufacturers are being doubly squeezed as Middle East tensions drive up energy costs and a prolonged domestic gas crunch curbs supply. This is forcing many factories to scale ...

And our estimate is roughly for every $10 rise we get in the price of oil, headline inflation goes up about 0.2% year-on-year for about a year. And 0.05% um for core, which of course is what the Fed ...

Until less than a month ago, most energy analysts were warning about a glut in oil and a likely glut in LNG as new capacity came online in the United States. Glut was the word that described global ...

INDIANAPOLIS (WISH) — At a Speedway gas station in downtown Indianapolis, a gallon of regular unleaded on Monday costs $4.19. Diesel was $5.39. Commuter Jennifer Mann, “I drove up. My light was on, ...

Smoke rises following a strike on the Bapco oil refinery, amid the US-Israeli war on Iran, on Sitra island, Bahrain, March 9, 2026 [Stringer/Reuters] The US-Israeli war on Iran will have a profound ...