Jacobin(far-left)
The US-Israel war with Iran has made energy prices soar across the globe. In a world increasingly dominated by imperial war and great-power conflicts, inflation will become an ordinary feature of politics.
With shipping halted and storage insufficient, most petroleum and liquefied gas production in
Read full original ›Bloomberg(center)
As the war in Iran sent oil prices soaring, one market holding up unexpectedly well is that of the world’s largest crude importer: China.
Read full original ›Inside Climate News(lean-left)
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 fuels. Brent crude oil, the benchmark for a majority of the world, surged to nearly $120 per barrel, t
Read full original ›Bloomberg(center)
The Department of Defense is preparing to ask lawmakers for additional funding following the joint US-Israeli strikes on Iran.
It’s far from clear whether there’s enough support in Congress to pass a supplemental funding bill for the Pentagon, as the vast majority of Democrats decry the White House’
Read full original ›Bloomberg(center)
On today’s Big Take Asia podcast we look at how the global energy crunch sparked by the war in Iran is pushing up prices and forcing Asian countries to take drastic action.
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