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On-Again, Off-Again War Leaves Sterling in Limbo
Summary by Smart Currency Business
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2 Articles
The war in the Middle East has caused widespread disruptions to oil and gas shipping and is driving up energy prices. The uncertainty has led governments around the world to once again accelerate the modernization of electricity grids based on renewable energy. The energy shock is accelerating change, but at the same time it is increasing the world's dependence on Chinese technology and rare earths.
On-again, off-again war leaves sterling in limbo
Currency markets again find themselves battling a situation that has changed materially over the course of the weekend. Optimism turned to bitter resignation by Monday as hopes of an end to the energy crisis were dashed by Iran’s insistence on “strict control” over the vital oil waterways.
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