Tag:

Oil Shock

Could renewed Middle East tensions trigger another global oil price shock?

The Middle East has long occupied a central position in the global energy system. Home to some of the world's largest oil producers and critical shipping routes, the region plays a decisive role in determining energy supplies, market stability and international economic performance.

21 May 2026-23:01
Fed’s Daly warns oil shock may delay inflation drop

Federal Reserve official Mary Daly has warned that the recent oil price shock linked to the Iran conflict could delay progress in bringing inflation back to target.

10 Apr 2026-16:28
Senegal bans travel as oil shock hits budget

The government of Senegal has suspended all non-essential foreign travel by ministers and senior officials, warning of “extremely difficult” economic conditions as a surge in global oil prices intensifies pressure on public finances.

04 Apr 2026-11:57
Powell signals Fed pause as oil shock clouds outlook

Jerome Powell signaled a cautious stance on monetary policy on Monday, stressing that the U.S. central bank is well positioned to “wait and see” how rising oil prices linked to the Middle East conflict will impact inflation and the broader economy.

30 Mar 2026-23:09