The world economy is experiencing the most severe oil shock in decades. The worst could still be on the way.
Mihaela Chircă
Surging oil prices continue to ripple through the global economy due to the war with Iran. Now, some analysts are saying the worst could still be ahead as the conflict drags on. The concern is that beyond immediate knock-on effects from rising gasoline prices, the war’s disruption could come in waves — ones that will play out over weeks and months and leave few parts of the global economy untouched. “We haven’t seen the brunt of it yet,” said Samantha Gross, director of energy security and
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