Middle East war to trigger biggest energy price surge in 4 years: World Bank

Energy prices projected to rise 24% this year to highest since Russia’s invasion of Ukraine; overall commodity prices expected to climb 16%

Middle East war to trigger biggest energy price surge in 4 years: World Bank

Energy prices projected to rise 24% this year to highest since Russia’s invasion of Ukraine; overall commodity prices expected to climb 16%

UAE says state oil company’s focus unchanged after OPEC withdrawal

load_more

11 vessels pass through Strait of Hormuz amid stalled US-Iran talks

9 vessels pass through Hormuz from Arabian Gulf to Gulf of Oman, including crude oil tanker28 April 2026

US crude oil tops $100 again as Hormuz closure keeps supply fears elevated

WTI reaches highest level since early April in wake of UAE’s unexpected withdrawal from OPEC28 April 2026

UAE to withdraw from OPEC, OPEC+

- Withdrawn decision in line with UAE's long-term strategic, economic vision and development of its energy sector28 April 2026

European Central Bank more likely to raise rates amid deepening energy risks

Persistent, high energy prices may prompt ECB to hike rates once or twice this year, experts say28 April 2026

Bank of Japan keeps policy rate constant

Japanese central bank increases inflation forecast due to higher energy prices28 April 2026

Low-cost carriers seek $2.5B from Washington as jet fuel prices surge: Report

Budget airlines seek to offset increase in jet fuel costs since start of US-Israeli attacks on Iran on Feb. 2828 April 2026

US Treasury says servicing sanctioned Iranian airlines risks sanctions

Treasury Secretary Scott Bessent urges foreign governments to prevent firms in their jurisdictions from providing services to sanctioned Iranian aircraft28 April 2026

US tariff changes could add $1.1T to deficits over decade: Budget office

Higher energy prices linked to war in Iran offsetting economic boost from tax cuts enacted in 2025, says CBO chief Phillip Swagel28 April 2026

US stocks end mostly higher as S&P 500, Nasdaq hit fresh records

Dow loses 0.13% on rising oil prices, uncertainty over stalled US-Iran diplomacy28 April 2026

European stocks end mostly lower as central bank suspense weighs

Stoxx 600 down 0.3%, Germany's DAX falls 0.19%, UK's FTSE drops 0.56%, while Italy's FTSE MIB ticks up 0.04%27 April 2026

Middle East war to trigger biggest energy price surge in 4 years: World Bank

Energy prices projected to rise 24% this year to highest since Russia’s invasion of Ukraine; overall commodity prices expected to climb 16%

Middle East war to trigger biggest energy price surge in 4 years: World Bank

Energy prices projected to rise 24% this year to highest since Russia’s invasion of Ukraine; overall commodity prices expected to climb 16%

Economy

load_more

Economy

Bank of Canada holds policy rate at 2.25%, warns higher energy prices may lift inflation

Oil prices jump over 5% as US-Iran stalemate keeps Hormuz supply fears alive

High jet fuel costs drive up air fares, int'l aviation body says

Higher energy prices continue to push Germany's inflation up

OPEC exit: Why the UAE is leaving and what it means

April inflation data to test global markets amid Middle East energy shocks

load_more