#GiftArticle

#Oil Shock’s Tentacles Grip #WorldEconomy: ‘This Really Is the Big One’

Countries already walloped by a breakdown of the international #trade #chaos brought on by #Trump #tariffs, #war in #Ukraine & chaotic #US policymaking are facing lasting economic damage.

#TrumpsWar #war #ForeverWars #law #Congress #WarPowers #geopolitics #MiddleEast #inflation #affordability #CostOfLiving #energy #EnergyCrisis

nytimes.com/2026/03/12/busines…

1.7m UK homes facing soaring bills as heating oil costs doubled in a week amid Iran conflict

#VolatilePricing #EnergyCrisis #HeatingOilPrices #SoaringBills #IranConflict

independent.co.uk/news/busines…

1.7m UK homes facing soaring bills as heating oil costs doubled in a week amid Iran conflict

Heating oil’s more volatile pricing is fed straight through to consumers, a key difference to gas and electricity energy supplies

^{Karl Matchett (The Independent)}