Why the price of oil matters more than you might think
A shock to oil supplies is rattling financial markets, driving up prices at the pump and raising fears of a bigger economic hit.
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"This is essentially the biggest supply shock at least in modern global oil market history."
— Hunter Kornfeind , Executive
"A jump in air fares due to the higher costs would probably start quick."
— Scott Kirby , Executive
"This is essentially the biggest supply shock at least in modern global oil market history."
— Hunter Kornfeind , Executive
"A jump in air fares due to the higher costs would probably start quick."
— Scott Kirby , Executive
"delighted to have secured his future here"
— Fabian Hurzeler , Athlete
"As you look at that, I think some people ask, why is this happening? Why, why are we at war with Iran right now?"
— Roger Marshall , Politician
"This is essentially the biggest supply shock at least in modern global oil market history."
— Hunter Kornfeind , Executive
"A jump in air fares due to the higher costs would probably start quick."
— Scott Kirby , Executive
Key People
Former president of the United States known for his aggressive economic policies.
Head coach of Brighton & Hove Albion F.C.
Senior macro energy analyst of Rapid Energy Group.
Joao Pedro is a forward for Chelsea and was overlooked by Brazil for the World Cup.
Kylian Mbappe is a French professional footballer known for his speed and scoring ability.
Matthew Benham is the owner of Brentford, known for his innovative approach to management.
Former UK ambassador to the US mentioned in the context of Epstein's network.
The exiled son of Iran's last Shah, advocating for democratic reform in Iran.
Roger Marshall is a U.S. Senator representing Kansas.
CEO of United Airlines.
Chief executive of Maersk.
Tags
All Coverage
A shock to oil supplies is rattling financial markets, driving up prices at the pump and raising fears of a bigger economic hit.
A shock to oil supplies is rattling financial markets, driving up prices at the pump and raising fears of a bigger economic hit.
A shock to oil supplies is rattling financial markets, driving up prices at the pump and raising fears of a bigger economic hit.
A shock to oil supplies is rattling financial markets, driving up prices at the pump and raising fears of a bigger economic hit.
President warns Islamic republic is rebuilding nuclear weapons programme amid huge US military build-up
Figure revealed at annual meeting of parliament as Beijing prepares to release new five-year plan
A shock to oil supplies is rattling financial markets, driving up prices at the pump and raising fears of a bigger economic hit.
The article discusses the impact of the US and Israel's war in Iran on global oil supplies, leading to soaring oil prices and economic concerns.
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