Shortages, inflation and stagnation (opens in new tab)

Last week, crude oil prices in Asia hit a new high at $125/b amid reports that the US was considering military action against Iran to break the deadlock in peace talks. The global average oil price also reached $113/b, the highest since the post-COVID pandemic slump in 2022. In the end, Trump backed off (forContinue reading "Shortages, inflation and stagnation"