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Middle East escalation could trigger oil price shock that fuels inflation, World Bank warns
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The OECD said the global economy could suffer a significant setback if an escalation of conflict in the Middle East were to push oil prices sharply higher.
The OECD said the global economy could suffer a significant setback if an escalation of conflict in the Middle East were to push oil prices sharply higher.The Wall Street Journal - World -
Oil prices log worst week since February as concerns over Middle East supply risks fade
Oil futures finished lower Friday — with easing concerns over potential supply disruptions in the Middle East, strong U.S. production and signs of slowing demand prompting prices to register their largest weekly percentage loss since early February.MarketWatch - Business -
Middle East crisis live: Rafah operation could result in ‘slaughter’, UN official says
UN humanitarian office spokesman says hundreds of thousands of lives could be at risk and there would be a huge impact on aid operations. Daniel Hurst is Guardian Australia’s foreign affairs and defence correspondent.. The Australian government ...The Guardian - World -
The Rocket Fuel Behind China Shock 2.0: Weak Currency, Deflation
Flat to falling prices coupled with inflation elsewhere and a lower exchange rate have turbocharged China’s export boom.The Wall Street Journal - World - China -
Trapped in the Maze of Middle East Policy
President Biden’s own incompetence put him there.The Wall Street Journal - World -
Middle East crisis live: Israel suspends broadcasts of Al Jazeera; minister threatens Rafah attack if truce talks undermined
Netanyahu cabinet votes to shut down TV network’s operations in Israel; Yoav Gallant says Hamas appear to not be serious about reaching a truce. A local official in southern Lebanon said an Israeli strike on a village on Sunday killed a couple and ...The Guardian - World - Israel -
Lessons from history for the modern Middle East
The ‘Damascus Events’ of 1860 are a warning of how societies can collapse into violence — and also an example of how they can recoverFinancial Times - Business -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
U.S. Shuffles Military Assets in Middle East After Gulf Pushback
Washington is shifting some warplanes to Qatar to allay concerns among Gulf powers about riling Iran and its proxies.The Wall Street Journal - World -
Middle East Crisis: Trade and Diplomatic Moves Deepen Israel’s Isolation
Turkey’s decision to suspend trade with Israel came after some countries downgraded or cut ties. But key allies, including the U.S., remain supportive.The New York Times - World - Israel
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