Domestic fuel prices have been raised to help absorb shocks currently affecting global markets.
1 report, 1 independent
Updated Jun 17
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What happened
Domestic fuel prices have been raised to help absorb shocks currently affecting global markets.
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Part of
Rising US inflation and bond yields are testing global markets, while geopolitical developments, including the Iran conflict, affect energy costs.Also in this story
- The Apparel Impact Institute is monitoring how the fashion industry is coping with rising energy prices and the need for lower-carbon alternatives due to the Iran conflict.
- US economic data is influencing global market expectations, while the Iran war impacts global inflation outlook and UK energy price caps affect European yields.
- Higher yields support US dollar strength, while rising gas prices and inflation concerns affect global oil markets.