Falling global energy prices, potentially due to a US-Iran agreement, could offer relief to Indian refiners and gas consumers. Brent crude has dropped to nearly $83/barrel, impacting India's 88% crude import dependence. LNG prices, though moderated, remain elevated.
India's PM urges citizens to consume less fuel, fertiliser, gold, and curb travel due to surging global energy prices and war in Iran, signaling a shift from neoliberal globalization towards strategic economic management.
The Bank of England's warning that food inflation could reach 7% exposes Britain's systemic vulnerability to geopolitical shocks. An analysis argues that UK key sectors run on thin margins with no resilience reserves, while digital infrastructure and energy dependence on the Strait of Hormuz create critical exposure. Former Trump official Fiona Hill warned the UK homeland is 'back on the pitch' as Russia conducts sabotage and cyber-attacks, urging a political narrative linking security to everyday life that British politics currently lacks.
ATF or jet fuel, for international carriers became costlier on Friday, with prices rising by 5 per cent. This marks the second consecutive monthly increase as oil marketing companies continue to gradually pass on the impact of higher global energy prices.
Bitcoin entered yesterday's Fed decision already capped below a dense on-chain supply zone, and Fed Chair Jerome Powell's press conference gave buyers little reason to push through it. The Federal Reserve kept the target range at 3.5%-3.75% and explicitly linked elevated inflation to higher global energy prices, citing the tensions in the Middle East as […] The post Here’s why Bitcoin is stuck below $80,000 and what Powell’s FOMC meeting did for BTC price appeared first on CryptoSlate.
The Federal Reserve maintained interest rates at 3.5-3.75% citing upside inflation risks from rising global energy prices and Middle East uncertainty. Four of 12 FOMC members dissented—the highest since 1992—with Stephen Miran advocating for a cut while others objected to the policy statement's rate cut indication. Oil prices have climbed above $110/barrel from $70 before the US-Iran conflict began February 28.
European Commission President Ursula von der Leyen reports that the Middle East conflict is costing Europe nearly €500 million daily in increased fossil fuel import bills, prompting calls for faster electrification and energy independence.
