100 days of war in Middle East show no sign of easing as world economies take the hit, poor countries on the spin
Overall commodity prices are projected to increase 16 per cent, driven mainly by energy, fertiliser and some metals. John Roper, chief executive for the Middle East at German energy company Uniper, said the strait’s closure and damage to facilities took most of the gas supply growth between 2025 and 2026 off the market, warning that the pain from the supply shortfall could last at least until 2030.
Error of judgment? US President Trump’s scramble for Venezuelan oil coincides with transition shrinking appetite for fossil fuel
Experts caution that a number of realities – including international oil prices and longer-term questions of stability in the country – are likely to make this oil revolution much harder to execute than Trump seems to think.
