- The Commerce Commission monitors petrol companies in NZ as conflict resolution impacts global oil prices.
- The Middle East conflict is causing oil price increases and inflation, leading central banks to manage policy amid global pressures.
Attacks caused pipeline shutdown and damage, while core CPI rose above expectations and shipping lane agreements were postponed.
1 report, 1 independent
Updated Sep 13
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What happened
Attacks caused pipeline shutdown and damage, while core CPI rose above expectations and shipping lane agreements were postponed.
Who's involved
What this event is mainly aboutKeep exploring
Part of
The Middle East conflict is causing oil price increases and inflation, leading central banks to manage policy amid global pressures.Also in this story
- The Bank of Japan conducted rate checks in the currency market as a Houthi attack hit Riyadh and MSCI tracked Asia-Pacific shares.
- BOJ rate hike impacts won value, while the country is ranked near the bottom of OECD members amid renewed US-Iran tensions.
- Fed actions are influencing regulatory decisions, Treasury yields, and global financial stability due to oil production.
- Renewed conflict drives energy price volatility and prompts comments on Bank of England decisions.
The entities involved
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Hormuz
city in Hormozgan Province, Iran
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FED
business
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Saudi Arabia
country in West Asia
Related events
- Attacks forced the shutdown of the oil export line of the East-West Pipeline.
- Pipeline shutdowns, Houthi advances, and strikes near Khasab are causing disruptions in the Hormuz Strait, impacting global oil markets and forcing lower consumption.
- Tensions rise in the Middle East as a drone strike hits an oil pipeline near Medina, prompting diplomatic talks regarding the Strait of Hormuz and a response from the FED.
- Houthis disrupt vital shipping corridors, raising inflation fears for the Fed amid AI risks and political pressure from Trump.
- Houthis attacked a Saudi oil pipeline, coinciding with major demands and pacts from the EU and BRICS.