
IEA Signals Oil Reserve Release Amid Iran War; UK Reopens CO2 Plant; Ireland Warns of Inflation
The International Energy Agency (IEA) is ready to release additional oil reserves following Japan's request, signaling further action amid Middle East tensions and the Iran war, which are expected to lead to higher energy and consumer prices. Ireland's Central Bank has warned that a severe energy shock from the Iran war could push inflation above 4% this year, while the UK government plans to invest £100m to restart a Teesside CO2 plant as a contingency measure.
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Top central banker thinks businesses may be quicker to raise prices due to Iran war - AP News
Top central banker thinks businesses may be quicker to raise prices due to Iran war AP News
Read full article →CO2 plant to reopen in Iran war contingency plan
The government will invest £100m to restart the Teesside site producing carbon dioxide, a key part of food and drink manufacturing.
Read full article →The Oil Price Shock Could Make Italian Ice More Expensive
Higher energy prices caused by the war with Iran could affect more than just prices at the pump for American consumers.
By Sydney Ember
Read full article →Protest in India over cooking gas crisis
Indian opposition parties have staged a protest over the shortage of cooking gas triggered by the war on Iran.
Read full article →Irish consumers face rising costs as war in Iran threatens to escalate
ESRI and Central Bank issue concerning data in wake of fuel price rise
By Pat Leahy, Mark Weiss, Eoin Burke-Kennedy
Read full article →US-Iran war: Why India is facing an LPG crisis — explained in charts
India grapples with a severe cooking gas shortage, driven by Middle East conflict-induced import disruptions. Long queues and panic buying plague cities as supply chains strain. The government is prioritising household needs, cutting industrial allocations, while seeking to restore commercial supplies and urging a shift to alternatives like piped natural gas.
By KANCHAN YADAV
Read full article →Iran energy shock may lead to 4% inflation - Central Bank
A severe energy shock scenario caused by the Iran war could push inflation above 4% this year, according to the Central Bank.
Read full article →India Does Not Have LPG Problem, It Has LOP Problem: Pralhad Joshi To NDTV
"If you look at our neighbours, they are having major issues. In India not even a single petrol pump is dry," Pralhad Joshi said.
Read full article →Mountain Province tourism bracing for impact of rising fuel prices
BAGUIO CITY—Tourism in Mountain Province is taking a hit from the fuel shocks due to the conflict in the Middle East, which entered its 25th day on Wednesday. Gov. Bonifacio Lacwasan on Wednesday canceled the province’s annual Lang-ay Festival scheduled on April 6 to comply with President Marcos’ declaration of a state of national energy
By NewsPublish
Read full article →DA: Higher food prices possible
Food prices could rise as Middle East tensions affect logistics and input costs, particularly urea-based fertilizer, the Department of Agriculture said yesterday.
By Josiah Antonio
Read full article →Iran war starts to hit global economy, surveys show - The Daily Star
Iran war starts to hit global economy, surveys show The Daily Star
Read full article →Coverage Timeline
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