Government ❯ International Relations ❯ Middle East ❯ Conflict

Economic Impact

Gold Drops Below $4,100 as Oil Rally Fuels Inflation and Hike Bets

A jump in Brent crude after strikes linked to Yemen’s Houthis pushed inflation expectations higher, increasing the odds of a September Fed rate rise.

LNG Buyers Push Qatar and UAE for Lower Prices and Delivery Guarantees

France Inflation Falls to 1.8% in June on Energy Cooling

UK Retail Sales Rise 1.2% in May

Fed Holds Rates as Warsh Signals Shift Toward Possible 2026 Hike

Fed Holds Rates at 3.50%–3.75% in Kevin Warsh’s First Meeting

Brazil Inflation Slows Monthly but 12‑Month Rate Tops Central Bank Ceiling

ECB Raises Deposit Rate to 2.25% in First Hike in Nearly Three Years

India Holds Fiscal Line as Pakistan Reports 3.7% Growth and Stronger Buffers

IATA Cuts 2026 Airline Profit Forecast as Jet Fuel Soars

European Cargo Enters Administration, Stops Trading

Renewed US–Iran Exchanges Push Oil Up as India Passes Through Prices and OMC Losses Grow

UK Publishes 125-Item List for Possible Tariff Cuts on Food and Groceries

Peru Moves to Declare National Fuel Market in Emergency

Italy Extends Fuel Excise Cut to Early June and Grants €300m to Hauliers

EasyJet Says Summer Flights Secure as Jet‑Fuel Costs Rise

France Expands Targeted Fuel Support and Adds €710 Million to Reach €1.2 Billion

Fed Minutes Signal Return of Rate‑Hike Risk as Yields Jump

Reeves Announces Summer Cost‑of‑Living Package to Shield Families

UK Unemployment Rises to 5% as Vacancies Fall to Five‑Year Low