Tagged
3 articles
Larry Fink says a prolonged Iran conflict that pushes oil toward $150 would hit lower-income households hardest and could trigger a steep global recession. Shell and the IEA warn of possible fuel shortages and urge diversification.
A U.S. F-35 made an emergency landing in the Middle East after being reportedly struck by Iranian fire. The aircraft and pilot are safe, and the incident is under investigation as the wider conflict escalates across the region.
European capitals have pushed back on US calls for a naval coalition to secure the Strait of Hormuz, saying they will not join military operations as the US and Israel wage war on Iran and oil prices surge.