Middle East escalation could trigger oil price shock that fuels inflation, World Bank warns
Related Articles
-
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...
-
Oil prices log worst week since February as concerns over Middle East supply risks fade
Oil futures finished lower Friday — with easing concerns over potential supply disruptions in the Middle East, strong U.S. production and signs of slowing
-
As the price of olive oil soars 89pc, how ruthless criminal gangs are raiding lorries, stealing whole olive trees and even dyeing sunflower oil
Office for National Statistics figures suggest the price of olive oil has soared by 89 per cent in the past two years. So what exactly is going on?