US consumer prices increased by 3.8% in April, driven largely by a 28% surge in petrol costs resulting from the ongoing Iran war, marking the first decline in real wages in three years and highlighting the financial strain on middle and lower-income households. #inflation #consumerprices #energyeconomy #US #IR #RU #UA #IL
European oil and gas companies have reported significant profit increases in the first quarter due to soaring energy prices linked to the Iran conflict, prompting renewed calls across Europe for windfall taxes on their excessive gains to support consumers and address inflation. #EnergyEconomy #FossilFuels #WindfallTax #GB #FR #DE #AT #ES #IT #PT #IR #RU #US
Oil prices decreased on Tuesday after a rise attributed to heightened tensions in the Middle East, including an attack by Iran on UAE and US military concerns over shipping disruptions in the vital Strait of Hormuz. #OilPrices #MiddleEastConflict #EnergyEconomy #AE #IR #US #CN #JP #KR #HK
