Prime Minister Robert Abela has warned that escalating global tensions are already beginning to impact economies around the world, with oil prices surging past $100 per barrel for the first time since the COVID-19 pandemic. Delivering a ministerial statement, Abela said that at certain moments the price of oil had even approached $120 per barrel following
Stock markets slumped as energy prices soared on Monday on supply disruptions from the Middle East war , which drove volatility and fanned inflation fears. Oil prices rocketed above $100 a barrel for the first time since Russia's invasion of Ukraine in 2022, as Iran carried out retaliatory strikes against crude-producing Gulf nations. US President
The escalating conflict in Iran has triggered an exogenous supply shock in global energy markets, sending oil and gas prices sharply higher and unsettling financial markets worldwide. With key energy infrastructure disrupted and shipping routes paralysed, investors are grappling with a wide range of possible economic outcomes – from a short-lived market
