|
Unprecedented move underscores fears of threat to global economy from the Middle East war
|
|
Three vessels were hit on Wednesday, according to a British maritime agency. The Strait of Hormuz is all but closed as war in the Middle East expands.
| RELATED ARTICLES | | |
|
Asian Stocks Poised for Gains, Oil Swings Higher: Markets Wrap Bloomberg.comShares steady, oil turbulence deepens over Middle East war fears ReutersIEA Reportedly Proposes Largest Ever Oil Stockpile Release Bloomberg.comWhy emergency oil releases won't fix this crisis CNNOil Futures Mixed as Traders Digest IEA's Proposal to Release Strategic Reserves
|
|
While February's Consumer Price Index report shows only modest price pressures, inflationary risks are rising once again as the conflict in the Middle East drags on.
|
|