The World Bank provides economic forecasts linking oil prices to geopolitical conflict in the Middle East.

The entities involved

• Philippines →

  archipelagic country in Southeast Asia

  • Marcos met with Chinese Ambassador Jing Quan, while Teodoro's foreign policy remarks were compared to those of Jay Tarriela.Mon 18:00
  • Robert W. McElroy discussed global migrant resilience and journey involving the Philippines and Ethiopia.Mon 16:25
• Middle East →

  geopolitical region encompassing Egypt and most of Western Asia, including Iran

  • A US Air Force base in Fairford, located near the Oxfordshire border, is being utilized due to actions in the Middle East.Mon 17:54
  • Authorities are investigating an incident at a base in Fairford, with possible links to Iran and Russia.Mon 17:54
• Brent →
  • ECB chair signals readiness to raise rates as potential attacks in Yemen drive oil price spikes and market risk-off.Mon 17:39
  • US-Iran truce aims to reopen Strait of Hormuz amid global monetary policy shifts and oil price drops.Mon 17:37
• FED →

  business

  • Iran closed the Strait of Hormuz, halting petroleum liquids movement and raising inflation concerns, which Donald Trump views as a potential solution.Mon 16:16
  • BEA reported PCE price index data while Trump argued for lower borrowing costs amid oil price spikes from the Iran war.Mon 16:13

Related events

• Geopolitical risk in the Middle East is impacting financial forecasts, with specific commentary from HSBC and Goldman Sachs.Sep 10
• Geopolitical peace deals are impacting oil prices due to the ongoing situation in the Middle East.Jun 16
• Middle East conflict prompts a reversal in oil prices.Jul 14
• Conflict in the Middle East drives oil prices above $100, pressuring the Bank of England to consider rate hikes.Jul 26
• The Middle East conflict is causing oil price increases and inflation, leading central banks to manage policy amid global pressures.Jun 17