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Middle East war: global economic fallout

National News

Middle East war: global economic fallout

AFP AFP
Updated 54 mins ago

Here are the latest economic events in the Middle East war:

National News

Bessent says U.S. mulling options to calm oil markets

By Alton Wallace | The Center Square
Updated Mar 19, 2026

(The Center Square) – U.S. Treasury Secretary Scott Bessent said Thursday more oil could be released from the nation’s stockpiles than the 172 million barrels announced last week and that other market-based measures could soon add additional supplies to global energy markets.

National News

As oil hits $120 a barrel, damage to energy industry is done, energy insiders say

By Bethany Blankley | The Center Square contributor
Updated Mar 19, 2026

(The Center Square) – As conflict in Iran escalates, Middle Eastern refineries have been hit and the Strait of Hormuz remains compromised, and oil futures hit $120 a barrel. Physical cargos of crude from Oman and the UAE have already hit $150 a barrel for May delivery.

National News

War fuels fears of new oil crisis

Martine PAUWELS AFP
Updated Mar 18, 2026

Attacks on oil infrastructure in the Gulf region and soaring oil prices are raising the spectre of a new oil crisis, although economists say we’re not quite there just yet.

Germany targets oil firms to prevent wartime price gouging

National News

Germany targets oil firms to prevent wartime price gouging

AFP AFP
Updated Mar 18, 2026

Germany said Tuesday its competition watchdog will soon get more powers to target energy firms over concerns they are unfairly hiking petrol prices to profit from the wartime oil shock.

National News