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#global economy

2 articles

IEA: Current Energy Crunch Is Worse Than 1970s Oil Shocks and 2022 Gas Shortage Combined

The International Energy Agency says a conflict centered on Iran has cut oil and LNG flows so sharply it eclipses the 1973 and 1979 crises plus the post-Ukraine gas shortfall. The agency urges quick action and reopening the Strait of Hormuz.

3 min read Mar 23, 09:35 AM

Politics

Could Iran's Strait of Hormuz Blockade Trigger a Global Recession?

Iran's moves around the Strait of Hormuz are disrupting almost 20% of world oil flows. Energy prices are spiking, and that raises the real risk of higher inflation, slower growth and even a global recession.

2 min read Mar 17, 01:09 PM