HeyJaredDAVID McHUGH
- Indexed articles, last 90 days
- 16
- Latest publication
- Sep 24, 2026
- Outlet visibility, for Wsls
- Top 500K sites
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- Jul 23, 2026
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Gulf nations have found ways to keep oil flowing, but the costs are mounting (opens the original)
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FRANKFURT, Germany â When Iran shut down the Strait of Hormuz at the start of the war, choking off sea passage for some 15 million barrels of oil a day, many feared that prices would skyrocket, cratering the world economy. Instead, nearly seven months on, oil is expensive but not exorbitant, and analysts say thereâs enough oil available to meet current global needs, even as the higher prices cause political problems for U.S. President Donald Trump and others. Thatâs because Saudi Arabia an
Gulf nations keep oil flowing despite Iran war as costs mount (opens the original)
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Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Membership today. When Iran shut down the Strait of Hormuz at the start of the war, choking off sea passage for some 15 million barrels of oil a day, many feared that prices would skyrocket, cratering the world economy. Instead, nearly seven months on, oil is expensive but not exorbitant, and analysts say the supply is pretty much sufficient to meet current global needs, even as the higher pri
Gulf nations have found ways to keep oil flowing through the Iran war, but the costs are mounting (opens the original)
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FRANKFURT, Germany (AP) â When Iran shut down the Strait of Hormuz at the start of the war, choking off sea passage for some 15 million barrels of oil a day, many feared that prices would skyrocket, cratering the world economy. Unlock the rest of the article with a new subscription. Your support strengthens local journalism. Subscribe now for full access to local reporting, breaking news, and more. Copyright 2026 The Associated Press. All rights reserved. This material may not be published, br
Russians face mounting economic woes as country goes to polls (opens the original)
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Mounting defence expenditure is widening Russiaâs budget deficit and increasing strain across its wartime economy, as business and consumer sentiment weakens and economic growth slows. Economists note, however, that these difficulties do not point to an immediate financial meltdown or economic collapse. High global oil prices linked to the Iran war continue to shore up essential export revenues, allowing the state to fund its four-and-a-half-year-old invasion of Ukraine â for now. In additio
Russia's wartime economy faces long-term erosion from debt and military spending (opens the original)
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FRANKFURT, Germany (AP) — The frictions in Russia’s wartime economy are growing, as massive military spending balloons the budget deficit. Consumers and businesses are gloomier. Growth has slowed. None of that, however, signals an imminent financial crisis or economic collapse, economists say. With crucial oil export revenues holding up due to high prices from the Iran war, the government is able to find the money to pay for its 4 1/2-year-old invasion of Ukraine, at least for now. Meanwhile, lo
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