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Attacks on major energy facilities in Iran and Qatar injected new uncertainty into the outlook for oil and gas prices.
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Oil companies are winning extra revenue from high prices due to the war in Iran, but could suffer if the energy shock depresses demand from consumers and businesses.
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The war in Iran has upset the economic equilibrium Europe threatening energy supplies, growth and the outlook for consumer prices, upsetting economic forecasts.
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Fed Meeting Today: Stocks Fall After Powell Voices Inflation Worries — Live Updates WSJStock market today: Dow sinks 750 points, S&P 500, Nasdaq slide after Fed decision as Powell touts inflation worries Yahoo FinanceHeard on the Street Wednesday Recap: Higher for Longer? WSJUS stocks slump on worries about higher oil prices, inflation and interest rates AP News
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Why Global Energy Shock Could Leave China Stronger Than Ever Crude Oil Prices Today | OilPrice.comChina cannot escape the energy shock The EconomistThe Iran war is causing oil prices to soar - can China withstand it? BBCChina's Hormuz Problem Foreign Policy
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Fed holds rates steady as war in Iran clouds outlook The Washington PostHere's what changed in the new Fed statement CNBCFed Won't Dismiss Oil-Price Shock. What It Means for Interest Rates. Barron'sLive Updates: Federal Reserve Leaves Interest Rates Unchanged The New York Times'Nobody knows': Oil price shock leaves Fed uncertain about the economy
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The central bank's so-called dot plot showed a median estimate of 3.4% for the federal funds rate, the same as at the end of last year.
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