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#global recession

2 articles with this tag

Oil at $109 and Strait of Hormuz Blocked: The World Faces Its Worst Energy Crisis in 50 Years

Hormuz navigation has stopped, IEA released 400 million barrels, US eases Venezuela sanctions. Oil at $109/barrel threatens global recession and skyrocketing gas prices worldwide.

⏱️ 10 min📅 2026-03-18

Geopolitics

Oil at $105: The Strait of Hormuz and the Biggest Energy Crisis of the Century

Brent crude surpassed $105 per barrel after Iran partially blocked the Strait of Hormuz — through which 20% of the world's oil passes. Fuel prices, inflation, and the risk of global recession.

⏱️ 12 min📅 2026-03-15