Central banks live in fear of their last mistake: waiting too long to raise rates in the postpandemic boom. But there’s a difference between that boom and this oil shock.
Investors mistakenly think the oil shock will push central banks to tighten policy.
- US-Iran conflict: Middle East war sends US fuel prices soaring, surcharges kick in Times Of India —
- Jet fuel costs skyrocket amid Iran war, exacerbating crisis for airlines, travelers The Hill —
- Italy Sets Jet Fuel Limits at Some Airports on Supply Shortage Bloomberg —
- European ministers call for profit caps on energy companies as war drives price surge ABC News —
- National Maritime Day: India's oil lifeline churns through conflict waters Times Of India —