Categories: World

Who wins and loses in the global energy crisis? | Business and Economy


As oil prices surge, some economies benefit while others face rising costs.

The war in the Middle East is exposing how dependent the world is on a handful of strategic chokepoints.

The Strait of Hormuz – a narrow waterway in the Gulf – is closed.

The longer this goes on, the faster the global energy map could be reshaped.

From Europe to Asia, countries are facing mounting supply risks and the threat of an inflation shock.

If the conflict between the US, Israel and Iran drags on, alternatives will be hard to find.

But, Russia is shaping up to be a major beneficiary, with soaring prices filling Moscow’s coffers despite Western sanctions.



Source link

admin2

Share
Published by
admin2

Recent Posts

Alberta increases fines for distracted driving, other offences by up to 50 per cent

Alberta’s government wants to send a clear message to drivers — if you’re behaving dangerously…

21 minutes ago

Time or Price Who Charted?

Join Potomac Co-CIO Dan Russo, CMT as he breaks down the hottest market charts and…

56 minutes ago

Βασικά, Εξουσιοδοτημένα και Άμεσα Κέρδη για Κινητά

Και αν σκοπεύετε να vulkan vegas κωδικός μπόνους σήμερα επιδιώξετε προοδευτικά τζάκποτ, αλλιώς έχετε συμβουλές…

1 hour ago

39 overdoses in 24 hours reported in Ontario city amid suspected toxic drug supply

Descrease article font size Increase article font size A spike in overdose incidents in London,…

3 hours ago

As Uncertainty Mounts, Active ETFs See Dynamic Inflows

With no end in sight to the macroeconomic uncertainty on both the domestic and global…

6 hours ago

Black smoke seen after blasts in Dubai financial district | Financial Markets

NewsFeedBlack smoke could be seen in Dubai’s financial district where witnesses reported hearing explosions on…

6 hours ago