Oil and gas price hikes due to the war have rattled the global economy.

Economists warn that the war has increased the risk of a recession. And the longer the crisis lasts, the greater the danger to an economy that already looked vulnerable before the chaos in the Middle ...

A global recession is ‘almost inevitable’ if the war on Iran should drag on, a leading Irish economist has warned. Like the cost-of-living spike caused by Russia’s invasion of Ukraine in 2022, soaring ...

Donald Trump has demanded Britain send warships to help defend the Strait of Hormuz and avert a global recession.

Leading economic institutions in Russia have confirmed that the country’s economy is on the verge of stagflation. — Ukrinform.

Crude prices could surpass their 2008 record, with potentially dire effects for consumers and businesses ...

“The body is metabolizing its own muscle tissue for energy,” Prokopenko said.

The Russian economy is stuck in what might be described as negative equilibrium: holding itself together while steadily destroying its own future capacity. Export revenues are falling, and economic ...

Of all the parties watching the chaos in the Middle East unfold, one should be rubbing its hands together with particular satisfaction. Russia has not fired a shot in this conflict, lost no allies it ...

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The Middle East conflict hasn’t spiked oil yet—see why prices stay moderate, shale can’t quickly fill gaps, and recession risks grow. Read my analysis here.