When the cost of crude oil drops, economists say, it typically takes at least several weeks for gas prices to meaningfully follow. But the war in Iran has complicated the outlook for supplies.
Fishermen repairing a boat in the port of Tyre in southern Lebanon. The war with Iran has shaken trust in the region’s peace, stability and prosperity.
Fishermen repairing a boat in the port of Tyre in southern Lebanon. The war with Iran has shaken trust in the region’s peace, stability and prosperity.
Going against Prime Minister Takaichi’s wishes, Japan’s central bank acted amid U.S. pressure, a tanking currency and inflation from energy disruptions.
The unexpected decline in retail sales underscored China’s growing reliance on exports to sustain economic growth as domestic demand continues to falter.
The United States and Iran have signed a framework agreement for ending the war, but neither side has published the full text and its details remain unknown.
Oil prices fell and stocks gained early Monday after Iran and the U.S. reached a deal that may allow more energy and other goods to flow through the Strait of Hormuz.
Accedi
