New York – The world economy is being held back by the actual closure of the Strait of Hormuz. The prices of petrol, jet fuel and diesel have gone up. Stock markets have fallen, and the possibility of a recession has increased. After weeks of trying and failing to reopen the critical waterway off Iran’s … Read more
Oil and gas prices are rising as the Strait of Hormuz remains largely closed due to the Iran conflict, raising concerns at home about the cost of fuel at the pump. The national average for gas prices rose this week to more than $4 a gallon, and diesel prices hit $5 a gallon — the … Read more
High oil prices due to the US-Iran war are straining already strapped low-income consumers. But as rates fall, there is a sign that high earners are also starting to feel the heat. Internal data from Bank of America on credit and debit card usage revealed that from the start of the war through March 21, … Read more
NEW YORK — US gas prices rose above an average of $4 a liter for the first time since 2022 on Tuesday as the war in Iran pushed up global fuel prices. According to the AAA motor group, the national average for a gallon of regular gasoline is now $4.02 – a dollar more than … Read more
Australian petrol prices tend to follow predictable cycles, but they have all gone out the window in recent weeks. In the early days of the Middle East conflict, petrol stations across Brisbane, Sydney and Melbourne raised prices faster than the rise in global oil prices, in what several leading experts said was an attempt to … Read more
However, other European countries with similar public debt burdens to Britain, such as France and Spain, have recently reduced their fuel tariffs or subsidized users. And they are not alone: Norway, Ireland and Poland have joined the European trend. Meanwhile, looming oil supply shortages are forcing many Asian countries to rely on imports. Affordability is … Read more
Cutting your shower time to four minutes could save you £70 a year on average (Image: Getty) Household prices will take a big hit from April with a wave of rising bills, including what you pay for water. Ofwat confirmed in January that household water bills across England and Wales will increase by an average … Read more
Washington – Americans are growing pessimistic about the U.S. economy as the Iran war continues to shake out, with sentiment falling across all income groups — including the wealthiest. Consumer sentiment fell 6% this month to a final reading of 53.3, the University of Michigan said Friday, down from what was reported earlier this month, … Read more