oil

More Iran war? There goes the neighborhood, and global economy.

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More Iran war? There goes the neighborhood, and global economy.

For all the uncertainty about what will happen next on the military and diplomatic front in the Iran war, there is certainty about what has already happened on the economic front. And it is not good. The world has seen a spike in oil prices that has been moderated so far by large drawdowns in … Read more

Dying in Diesel protests: Africa slammed by Iran war energy crisis

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Dying in Diesel protests: Africa slammed by Iran war energy crisis

Beginning last week, waves of protesters taking part in nation-wide strikes gathered on the streets of Nairobi to demand the Ministry of Energy and Petroleum reduce its state-controlled fuel price. What initially began as a labor initiative soon grew into violent demonstrations, pitting thousands of protesters against Kenyan police officers, who fired live ammunition on … Read more