US Edition
Worries about global economic pain deepen as the war in Iran drags on
Strikes have disrupted 20 million barrels of daily oil and 17% of Qatar’s LNG exports, causing price surges and rationing in developing countries, the International Energy Agency said.
- Ongoing conflict in Iran has driven up energy prices, threatened global supply chains, and dashed economic growth projections.
- Major oil and gas exports from the Persian Gulf have been disrupted, causing record supply shortages and price spikes in energy and fertilizer markets.
- Governments and consumers worldwide are facing high fuel costs, with developing nations forced to ration supplies and subsidize energy.
23 Articles
23 Articles
Worries about global economic pain deepen
US and Israeli attacks on Iran have driven up prices, darkened the outlook for the world economy, sent global stock markets reeling, and forced developing countries to ration fuel and subsidize energy costs to protect their poorest.Ongoing strikes and counterstrikes on Persian Gulf refineries, pipelines, gas fields and tanker terminals threaten to prolong the global economic pain for months, even years.“A week ago or certainly two weeks ago, I w…
Global economy takes gut punch from war in Iran, with nobody untouched the longer it goes on
U.S. and Israeli attacks on Iran have driven up prices, darkened the outlook for the world economy, sent global stock markets reeling and forced developing countries to ration fuel and subsidize energy costs to protect their poorest. Ongoing strikes and counterstrikes on Persian Gulf refineries, pipelines, gas fields and tanker terminals threaten to the prolong the global economic pain for months, even years. “A week ago or certainly two weeks a…
Associated Press News
Worries about global economic pain deepen as the war in Iran drags on
U.S. and Israeli attacks on Iran have darkened the outlook for the world economy. The conflict has driven up oil, natural gas and fertilizer prices and sent global stock markets reeling.
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