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ECB won't be 'paralysed' in face of energy shock: Lagarde

ECB won't be 'paralysed' in face of energy shock: Lagarde

The European Central Bank has several options for dealing with the Middle East war energy shock, its chief Christine Lagarde said Wednesday, vowing policymakers would not be "paralysed by hesitation". The conflict, which began at the end of February with US-Israeli strikes on Iran, has sent oil

Data canary shows economy already suffering from Middle East war

Data canary shows economy already suffering from Middle East war

Soaring fuel prices due to the Middle East war and snarled supply chains are already hurting businesses, business survey data published Tuesday showed. Now in its fourth week, the war sparked by US and Israeli strikes on Iran has seen global oil prices soar by more than 40 percent as

Many voters blame AI data centers for rising electricity costs

Many voters blame AI data centers for rising electricity costs

(The Center Square) - A significant number of American voters are blaming AI data centers for rising energy costs across the country, a new poll reveals. The Center Square Voters’ Voice Poll found 15% of registered voters blame AI data centers for rising electricity costs across the country. Additionally, 22% of

Middle East war: global economic fallout

Middle East war: global economic fallout

Here are the latest economic events in the Middle East war: - Iran's Hormuz offer to Japan - Iran is willing to help Japanese ships sail the Strait of Hormuz, a vital route for global fuel supplies, Foreign Minister Abbas Araghchi told Kyodo News in an interview published on Saturday.

Stocks drop, oil jumps as Mideast war persists

Stocks drop, oil jumps as Mideast war persists

Stocks tumbled while oil prices pushed higher Friday at the end of a turbulent week in which attacks on Gulf energy infrastructure rattled global markets and sparked fears of a global economic slowdown. Crude prices jumped further on Friday, with the international benchmark, Brent crude, rising 3.3 percent on

US stocks cut losses on Netanyahu war comments as energy prices soar again

US stocks cut losses on Netanyahu war comments as energy prices soar again

Energy prices soared during a volatile session Thursday, while Wall Street stocks trimmed losses after Israeli Prime Minister Benjamin Netanyahu said the war with Iran could finish sooner than expected. Major Wall Street indices were headed to significant losses following gloomy sessions in Europe and Asia, but got a boost

An Economic Wild Card: The Iran War and Your Finances

Look no further than your local gas station if you want to see how the Iran war is already shifting financial conditions for U.S. consumers. Oil prices have surged past $100 per barrel and gas prices have increased more than 32% since last month, according to data from AAA,