Why the price of oil matters more than you might think

Government

The impact of the US and Israel's war in Iran is starting to hit home - no matter where you live. As the conflict blocks oil exports from the Gulf region, and producers start to cut output, the supply shock has sent oil soaring toward $85 per barrel, rattling financial markets, driving up prices at the pump and raising fears of a bigger economic hit. The war has been an unwelcome reminder of the world's ongoing dependence on the Middle East for energy supplies, recalling supply shocks that hit

Why the price of oil matters more than you might think http://www.bbc.com - 09.03.2026 21:44

din zilele anterioare

Why the price of oil matters more than you might think http://www.bbc.com - 09.03.2026 21:44