Fallout From Iran War and Oil Shock Deliver Another Blow to World Economy
Countries already walloped by a breakdown of the international trading order, war in Ukraine and chaotic U.S. policymaking are facing potentially lasting economic damage.
Countries already walloped by a breakdown of the international trading order, war in Ukraine and chaotic U.S. policymaking are facing potentially lasting economic damage.
The globally acclaimed restaurant had the power and influence to remake restaurant culture. Instead, it perpetuated the darkest parts of that world.
Some jewelers are turning to wood, steel and even platinum. Others are leaning into the volatility with bigger and bolder designs.
Mortgage rates fell below the critical 6 percent threshold just a couple weeks ago. But they’re climbing again as new inflation concerns have roiled financial markets.
The war in the Middle East has sent oil and gas prices soaring. Our energy reporter Rebecca F. Elliott breaks down how much the world continues to depend on reliable sources of oil.
Nearly 75 percent of farmers surveyed before the war said the crop sector was in a recession. They face bigger hurdles this planting season.
Investors have worried about who would get hit if there’s a private credit bust. Many on Wall Street think the pain goes further than the lenders.
The data showed imports dipped and exports rose in the month before the Supreme Court struck down most of the president’s tariffs.
Conflict is forcing producers to slash production and close ports as Iran steps up attacks on energy infrastructure.
Reserves or no reserves, the outlook remains bleak as long as a major oil and gas trade route remains virtually closed.