Middle East escalation could trigger oil price shock that fuels inflation, World Bank warns
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Oil price could exceed $100 a barrel if Middle East conflict worsens, World Bank warns
Increase in cost of crude could drive inflation up and force central banks to keep interest rates high• Business live – latest updatesA serious escalation of tensions in the Middle East would push the price of oil above $100 (£80) a barrel and reverse the recent downward trend in global inflation, the World Bank has said.The Washington-based institution said the recent fall in commodity prices had been levelling off even before the recent missile strikes by Iran and Israel – making interest rate...
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Labor’s Middle East folly
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Pope calls for dialogue in Middle East
Shafaqna English- Following the Regina Coeli in Saint Peter’s Square on the Fourth Sunday of Easter, Pope Francis urged dialogue over conflict in the Middle East. Pope Francis once again expressed his hope that dialogue, negotiation, and diplomacy might prevail in the Middle East. He urged against succumbing to “the