Grounding Planes 'A Distinct Possibility': Tightened Global Fuel Supply Hitting Asian Nations Hardest

IMF Warns Iran War Will Slow Global Growth, Raise Inflation, And Worsen Food Insecurity Submitted by OilPrice.com Severe fuel shortages, hunger, and spiralling inflation will be some of the consequences of the Iran war as the head of the International Monetary Fund said that it would leave “scarring effects” on the global economy.   In a speech by Kristalina Georgieva, the IMF’s managing director, global policymakers were warned that trade disruption across the Middle East over the last month would lead to lower growth and higher inflation. IMF Başkanı Kristalina Georgieva, İran savaşının küresel...

President Donald Trump threatened a “very bad” future for NATO if its members do not provide the US with support in the war with Iran.  “It’s only appropriate that people who are the beneficiaries of the Strait [of Hormuz] will help to make sure that nothing bad happens there,” Trump told The Financial Times on […]

Former Iraqi Prime Minister Nouri al-Maliki’s candidacy to return to the position was meant to have been vetoed last month by President Trump, who denounced Maliki as “insane” and threatened to withhold all US support if he returned to office. There was talk of a Sunday ultimatum for him to step down. Monday morning, Maliki […]