US oil groups in line for $63bn windfall from Gulf war disruption
American producers will be among biggest beneficiaries if crude prices average $100 a barrel this year
Economic_News
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Trump calls on China and UK to send warships to Strait of Hormuz
London has declined to deploy an aircraft carrier to the Gulf
Fire breaks out at UAE port after US hits military assets at Iranian export hub
Authorities say Fujairah attack was intercepted and blaze under control after Trump claimed to have hit Kharg Island
Higher oil prices are just a short-term worry
Long-term inflation expectations are staying steady
Israel calls for Iranian factory evacuation, suggesting attack imminent
Trump says US has ‘obliterated’ military assets on Iran’s Kharg Island export hub and warns of further attacks
Iran war risks global food shock as fertiliser supplies cut
Growing number of fertiliser plants forced to shut, threatening rice and other harvests