Economists warn Donald Trump's comments on Iran have created a 'fog of war' that could trigger global economic shockwaves, with oil prices soaring and inflation risks mounting as conflict persists.
The US-Israeli war on Iran has triggered global economic disruptions, affecting restaurants in India, tourism in Thailand, and fuel supplies in Sri Lanka, with far-reaching impacts on food and energy.
Barrie Cassidy and Tony Barry analyze the fuel crisis and economic impacts of Trump's Iran war, including public blame on the Albanese government and political tensions.
Oxford Economics cuts UK growth forecast to 0.4% as Middle East conflict drives energy price surge, threatening recession and higher household bills.
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JP Morgan forecasts the Bank of England will raise interest rates at least twice this year, starting in April, amid inflation concerns and market volatility.
The Federal Reserve kept interest rates unchanged, resisting pressure from Donald Trump as policymakers grapple with soaring oil prices from the Iran war and a weakening US jobs market.
The Bank of England maintains interest rates at 3.75% while warning that the Iran conflict could push inflation higher, impacting households and businesses.
The World Trade Organization warns that prolonged high oil prices from the Middle East conflict could 'crimp' the energy-intensive AI boom, threatening global trade growth and food security.
Novuna Finance's scenario analysis reveals that a successful British summer of sport in 2026 could generate up to £400 million in consumer spending, driven by major matches and medal moments.
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The US central bank has raised its inflation forecast as the Iran conflict causes global energy prices to spike, with oil up 50% this month and US gasoline prices rising 28%.
Rising fuel prices, stock market volatility, and global instability are creating new financial pressures for US households. Share how you're adapting to these economic challenges.
Oil price volatility has historically caused economic disruptions, but the real risk lies in misguided government and wage responses that can trigger inflation spirals, as seen in past crises.
Readers respond to editorial about Adam Smith's 'invisible hand' concept, debating its original meaning versus modern political interpretations in economics.
The Reserve Bank of Australia's controversial interest rate increase reveals deep divisions within the board, with Governor Michele Bullock dismissing petrol prices as a factor while economists question the timing.
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New Zealand's fragile economic recovery, poised to surpass Australia's growth, is now at risk from the US-Israel war on Iran, which could disrupt global trade and energy markets.
Reserve Bank of Australia raises cash rate to 4.1%, reversing last year's cuts. Governor Michele Bullock states higher petrol prices contribute to inflation but are not the key reason for the hike, warning of further inflation risks from Middle East confl
The Reserve Bank of Australia increased interest rates as global energy turmoil threatens to push inflation toward 5%. Key ministers address fuel panic buying, immigration crackdowns, and LGBTQ+ hate crime penalties.
The Reserve Bank of Australia has increased interest rates for the second consecutive time, warning that inflation will remain high longer due to Middle East tensions and soaring petrol prices.
The Reserve Bank of Australia's decision to raise interest rates during a global energy crisis has split its board, with concerns over inflation and Middle East conflict fallout.
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Australian borrowers confront a dual crisis with rising interest rates and petrol prices, stripping billions from budgets and heightening recession risks, as economists warn of further economic pain ahead.
The latest oil price surge is shaped more by political actions than central bank moves, due to looser labor markets and fiscal constraints post-pandemic.
Chancellor Rachel Reeves will argue that investing in AI and strengthening ties with Europe are essential to boost the UK's sluggish economy, with a £1.5bn funding pledge.
The Office for National Statistics has added alcohol-free beer, hummus, and pet grooming to its inflation basket, reflecting changing consumer trends toward healthier lifestyles and pet ownership.
The Office for National Statistics has updated its inflation basket with alcohol-free beer, hummus, and pet grooming, reflecting changing consumer habits post-pandemic.
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Chris Hayward warns that Britain faces an existential challenge on tax, talent, and technology. Without urgent action to enhance competitiveness, a generation of founders may relocate or list abroad.
Treasurer Jim Chalmers confirms inflation could peak in the mid to high fours due to Middle East tensions, with interest rate rises expected, but recession is not anticipated.
As oil prices surge due to the Middle East conflict, UK residents and businesses face increased expenses for goods, services, and travel, alongside delivery delays and cancellations.
Yara International CEO warns extended Iran war could slash crop yields by 50%, with fertilizer prices soaring and supply chains disrupted, threatening global food security.
US workers face rising prices for groceries, utilities, and housing, with many taking on debt as wages stagnate, contradicting President Trump's assertions of a roaring economy.
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An exclusive Harris Poll reveals 72% of Americans believe Trump's tariffs negatively impacted the economy, with price hikes felt across party lines as the White House doubles down on trade policies.
