Economist Paul Krugman has a Dark Idea about the Iran War

Economist Paul Krugman has a Dark Idea about the Iran War

Last week, President Donald Trump made two ridiculous moves on Iran. He began by threatening to “destroy” Iran’s energy plants unless the Strait of Hormuz was safely opened. He gave a deadline of 48 hours. Then, before that deadline came, Trump backed down. But minutes before he did, the oil markets saw a huge spike … Read more

Why high oil prices could send the world into a summer slump

President Donald Trump speaks to the media during a critical phase of the Iran conflict, stressing military policy decisions

Monday, March 30, 2026 10:14 am The world economy may face recession. (AP Photo/Mark Schifelbein) The world economy is headed for a “rare” recession in the middle of this year as a protracted war appears to be on the horizon amid the prospect of US troops moving into the Middle East. Economists have warned that … Read more

The uncertainty of the Iran war is disrupting business in the world’s largest markets

The uncertainty of the Iran war is disrupting business in the world's largest markets

Open this photo in the gallery: A person looks at an electronic stock board showing a chart of Japan’s Nikkei index at a stock exchange Monday, March 23, 2026, in Tokyo.Eugene Hoshiko / The Associated Press The Iran war has caused turmoil across financial markets, leaving some investors and market makers reluctant to take risks, … Read more

The price of coffee is rising faster than any other grocery store – and the reason goes beyond fees.

The price of coffee is rising faster than any other grocery store - and the reason goes beyond fees.

The price of coffee is increasing faster than any other domestic grocery, and it is not only tariffs that drive this process – bad weather, war and frustration of market traders are also responsible for the rise. Coffee prices rose by a staggering 18.4% last year, according to government data from February. Most other household … Read more