Global Markets Rattled, Supply Chains Threatened by Middle East Tensions and War Risks
Global oil prices are climbing and stock markets are falling, including a €17 billion loss for Greek stocks, as investors perceive no immediate end to the ongoing war, exacerbating Middle East tensions and driving up fuel costs. Markets are particularly rattled by concerns over potential blockages of key chokepoints like the Strait of Hormuz and the Bab el-Mandeb strait, with Wall Street's 'fear gauge' spiking and Asian airlines raising ticket prices. Irish economists warn of escalating global recession risks, while New Zealand's Pharmac monitors medicine supply risks, all contributing to looming energy and supply crises.
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The Other Markets Being Rattled by the Blockage of Hormuz - WSJ
The Other Markets Being Rattled by the Blockage of Hormuz WSJ
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Allan government says measure is temporary as energy shock from Middle East conflict sees petrol prices soar Get our breaking news email, free app or daily news podcast Public transport will be free in Victoria for a month, in an effort to encourage people to switch from driving and alleviate the surge in demand for fuel. The Allan government announced on Sunday that it would make all metro and regional V/Line trams, trains and buses free from 31 March until the end of April. Continue read...
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