The Revolutionary Guard (IRGC) of #Iran is controlling the #StraitOfHormuz, despite the ceasefire—
The IRGC (designated a terror group by many, including the #USA) is deciding which ships may pass through the Strait and charging tolls payable in cryptocurrency or Chinese yuan, the latter of which "has alarmed regional officials as threatening reduced Western and allied influence over #oil markets."
The closure of the Strait is causing #energy concerns and increased #inflation globally.
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How long will it take petrol prices to get back to pre-Iran war levels, if at all?
By Daniel Mercer and Emilia Terzon
Iran's promise to reopen the Strait of Hormuz after striking a temporary agreement with the US saw the cost of oil fall sharply. But how quickly are we likely to see relief at the bowser in Australia? Analysts say it could be weeks or months.
#PetrolPrices #War #CostofLiving #Inflation #OilandGas #WorldPolitics #DanielMercer #EmiliaTerzon
Iran's promise to reopen the Strait of Hormuz after striking a temporary agreement with the US saw the cost of oil fall sharply. But how quickly are we likely to see relief at the bowser in Australia? Analysts say it could be weeks or months.
🐂 Beef Prices Hit New Highs!
#beef #groceries #risingprices #cpi #inflation #recession #iran #economy
😲 Even if the Iran 𝘤𝘰𝘯𝘧𝘭𝘪𝘤𝘵 ends within the next 2 weeks, UK 𝗳𝗼𝗼𝗱 𝗶𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 is 𝘦𝘹𝘱𝘦𝘤𝘵𝘦𝘥 to reach at least 𝟵% b4 the end of the year!
#CostOfLivingCrisis #IranCrisis #Inflation #IranWar #FoodBills
Millions across the UK are already struggling just to get by. Bills are rising, wages aren’t keeping up, and families are being pushed to the brink. As the impacts of the Iran war ripple through the global economy, things are set to get even worse. This illegal war has caused chaos, devastation and instability, and now it’s driving up the cost of fuel, food and everyday essentials here at home. Households are already feeling the pressure from rising fuel prices and further disruption is on...
#Daten des #KraftfahrtBundesamtes zeigen, dass deutschlandweit rund 115.000 #ELkw auf den Straßen unterwegs sind......
Aber eine #Spedition in #Lingen findet das scheiße und bezahlt lieber die teuren #spritPreise weil er diese an seine Kunden sowieso weitergibt und damit die #Inflation für uns alle in die #Höhe treibt......
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