The war with Iran and ensuing blockade in the Strait of Hormuz, a critical shipping lane, has spiked oil prices and sent governments scrabbling for their reserves. How high will prices go, and how bad could it get? On Friday night, United Airlines CEO Scott Kirby published a memo to his employees showing that his […]
Airlines Are Already Preparing for an Oil Crisis Read More »
Prof. Chukwuma Okoli of the Federal University of Lafia , says the war involving Iran , Israel and the United States could worsen Nigeria’s security challenges. Okoli said the conflict may have regional and global implications if it persists, noting that the violence has already disrupted global oil supply and triggered a rise in
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News Set up bipartisan committee to address skyrocketing oil prices, Samsuri urges govt Published: Mar 22, 2026 11:55 AM ⋅ Amid rising crude oil prices following the conflict in West Asia, Perikatan Nasional chairperson Ahmad Samsuri Mokhtar urged the government to establish a forum akin to the national consultation and intervention council with representation
Set up bipartisan committee to address skyrocketing oil prices, Samsuri urges govt Read More »
The daily average mortgage rate rose to a six-month high of 6.53% on March 20. Mortgage rates are jumping because the Iran war is escalating, increasing the likelihood that oil prices will stay higher longer, and because of the Fed’s reaction to it. News broke on March 20 that the U.S. is sending thousands more
By Julianne Geiger – Mar 20, 2026, 12:08 PM CDT Oil prices pulled back Friday, but not because the market suddenly feels safe. This is more of a tactical breather than a trend change. Brent slipped back toward the $109 level, while WTI hovered in the high-$90s, easing from the week’s Thursday spike that briefly
Oil Prices Ease As US Pulls Out All Stops To Secure Supply Read More »
By Julianne Geiger – Mar 20, 2026, 11:30 AM CDT Amid the Iranian war and oil price crisis, the Department of Energy, alongside the Department of Commerce, has unveiled a public-private partnership with SoftBank and AEP Ohio that centers on one thing the AI boom desperately needs but rarely talks about plainly—power. Not theoretical power.
U.S. Bets on Natural Gas to Power 10 GW AI Buildout in Ohio Read More »
Oil prices rose on Thursday, March 19, 2016, with benchmark Brent rising to its highest in more than a week to more than $115 a barrel. This comes after Iran attacked energy facilities across the Middle East following Israel’s strike on its South Pars gas field. Brent futures were up $6.08, or 5.7%, at $113.46
Oil price rises above $115/bbl after Iran’s attacks on Middle East energy facilities Read More »
The US Federal Reserve held interest rates steady for the second time this year, a widely expected move amid turmoil in the Middle East and rising energy prices. Fed officials faced a confluence of issues to consider in their meeting this week: soaring oil and gas prices, fluctuating inflation that still remains above the Fed’s
Fed holds interest rates steady as Iran war drives up oil prices and inflation fears Read More »
The war in Iran represents the biggest energy supply shock in history with the Strait of Hormuz choke point effectively off limits to the 20% of global oil and liquefied natural gas that flows through it each day. While the U.S. benchmark for oil continues to rise to near $100 per barrel—up 70% since the
A recession will be “difficult to avoid” if oil prices remain elevated for much longer, Moody’s Mark Zandi wrote Monday… https://thehill.com/business/5788865-moodys-economist-mark-zandi-warning-recession-threat/
Moody’s economist warns recession is once again a ‘serious threat’ Read More »
