Curated coverage for global-economy with top developments, timeline context, and connected threads.
Oil jumped 3% to $116 per barrel after US strikes on Kharg Island. Brent hit $110. Here is why financial markets are terrified and what $200 oil would mean for the global economy.
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The Strait of Hormuz traffic has fallen from 150 ships a day to 10-20 ships a day. Here is the specific economic impact of this maritime collapse on food, fuel, and the global economy.