Britain and Eurozone face rising inflation after US-Israel attack closes Strait of Hormuz
Updated
Updated · The New York Times · Apr 30
Britain and Eurozone face rising inflation after US-Israel attack closes Strait of Hormuz
9 articles · Updated · The New York Times · Apr 30
Britain’s inflation hit 3.3% in March, eurozone inflation rose to 2.6%, and Brent crude surged above $100 a barrel as energy flows remain blocked.
European Central Bank and Bank of England are expected to hold rates steady, but investors anticipate multiple hikes later this year amid surging fuel and natural gas prices.
The conflict’s economic impact is uncertain, with analysts watching for wage-price spirals and policymakers balancing inflation risks against threats to growth as consumer sentiment in Germany hits a three-year low.
Can central banks fight soaring inflation without triggering a deep European recession and debt crisis?
How can European households escape the squeeze from soaring energy and mortgage costs?
Will this historic energy crisis become the catalyst that permanently ends Europe's reliance on fossil fuels?
As fertilizer shipments stop, is a global food crisis the next domino to fall after the energy shock?
Beyond 'Band-Aid' oil releases, what is the plan to reopen the world's most vital energy artery?
What are the escalating risks of any military attempt to force open the Strait of Hormuz?