IEA Warns of Prolonged Energy Crisis as Oil Price Narrative Shifts to 'Higher For Longer'
The European Commission is urging EU member states to prepare for winter as energy experts, including the IEA boss, warn that the Iran crisis's impact on the energy market could lead to a much costlier heating season, potentially surpassing the 1970s energy shocks. This comes as the narrative around oil prices shifts to an expectation of them remaining 'higher for longer'.
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Why President Trump Has a Big Oil Problem
Our national security correspondent David E. Sanger looks at President Trump’s trouble handling retaliatory attacks by Iran that have largely choked off the Strait of Hormuz.
By David E. Sanger, Coleman Lowndes, Laura Salaberry, Nikolay Nikolov and Rafaela Balster
Read full article →Iran war energy crisis worse than the 1970s, warns IEA boss - The Times
Iran war energy crisis worse than the 1970s, warns IEA boss The Times
Read full article →The Iran war spills over into the U.S. economy: Inflation rises and growth slows.
The conflict with Iran has already put fresh stress on the U.S. economy, as companies report rising prices, fewer orders and a decline in employment.
By Jeffry Bartash
Read full article →On Oil Prices, The Narrative Shifts To ‘Higher For Longer’ - Forbes
On Oil Prices, The Narrative Shifts To ‘Higher For Longer’ Forbes
Read full article →'Dr. Doom' shares biggest economic concerns as the US war on Iran persists
Read full article →Experts: Iran war may lead to much costlier heating season next winter
While heating season is coming to an end for this year, meaning a lightening of the load so far as most households' bills go, thanks to the situation in the Middle East, next year's season may be costlier still, some experts say.
Read full article →Coverage Timeline
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