Oil prices shot up on Monday as disruptions related to the war in Iran sent shockwaves through financial markets, underscoring the risks for countries that have been slow to diversify beyond fossil ...

The International Monetary Fund says the global economy was spared the worst of the oil price shock because of large reserves. Now they are running out.

A key input for clothes, beauty products, and other consumer goods has seen a historic price spike due to the Iran war. Petrochemical prices have recorded an unprecedented rise during the war and it's ...

Weather cycle threatens harvests worldwide, adding to inflation already fuelled by the Iran war ...

High gas prices pushed up inflation again last month while adding to Americans’ financial strain: Households are saving at the lowest rate in nearly four years, a new report showed Thursday. The Iran ...

US consumers are facing the fastest price inflation they’ve seen in three years. It likely hasn’t yet peaked. New data Thursday showed that input costs for American businesses are still rising quite ...

European oil majors offer more leverage to higher oil prices than their U.S. peers Markets have remained relatively phlegmatic in the teeth of a developing crisis in the Middle East but now analysts ...