The war in the Middle East has shaken global energy markets over the past few weeks. Given the volatility of fossil fuels, could this be the push countries need to invest more in renewable energy?
The Treasury Department is holding several government bond auctions this week. Those auctions often provide a clue as to what investors expect the economy to do in the future.
The war in Iran has cost the global oil supply roughly 15 million barrels a day, or 15%, so far. A shock that poses a “major, major threat” to the global economy, said Fatih Birol, the head of the the International Energy Agency.
As war in Iran continues to unfold, energy prices are surging globally. But another lasting impact of the war will be how it impacts the speed of climate change.
The 100-year-old mandate was intended to protect the U.S. shipping industry. Analysts differ in how much they think waiving it will impact the cost of oil.