Inflation rises in US amid Iran war, Hormuz blockade
Government report shows gasoline going up by 21.2 percent in March as petrol remains above $4 per gallon despite truce.
Government report shows gasoline going up by 21.2 percent in March as petrol remains above $4 per gallon despite truce.
The trade body for European airports said if the Strait of Hormuz did not open in the next three weeks, there could be shortages.
Consumer prices in March were up 3.3% from a year ago, the biggest annual increase in nearly two years. Higher gasoline prices tied to the war with Iran accounted for much of the surge.
US consumer prices rose sharply in March, with headline inflation climbing to 3.3% year-on-year as energy costs spiked in the wake of the Iran war, official data showed on Friday.
Céline Dion's 16 Paris tour dates could bring hundreds of millions of euros to the French capital this autumn experts have said, as fans flock from overseas for a rare chance to see the megastar perform live. Potential revenue from the series of...
Céline Dion's 16 Paris tour dates could bring hundreds of millions of euros to the French capital this autumn experts have said, as fans flock from overseas for a rare chance to see the megastar perform live. Potential revenue from the series of...
Hungary is preparing for a potentially pivotal election, with challenger Peter Magyar and the Tisza party promising change after 16 years of Viktor Orban's rule. Polling shows nearly a quarter of voters are undecided.
The fragile ceasefire agreement was tested again on Friday after Iran refused to reopen the Strait of Hormuz. Israel and Hezbollah traded strikes in Lebanon, and Kuwait was attacked with drones.
Israel and Hezbollah continued to trade attacks on Friday - although at a reduced pace.
Inflation has started to track back up as the Iran war stymied hopes that it had finally been tamped down. In eastern Germany, the far-right AfD is meeting to talk about its social policy plans. DW has the latest.
Calls are increasing inside Congress for investigations into the prediction market platform Polymarket after the latest instance where groups of anonymous traders made strategic, well-timed bets on a major geopolitical event hours before it occurred.
Markets have remained positive, with oil prices edging slightly upward, coupled with gains for global equities ahead of the US-Iran talks in Islamabad on Saturday.
The US Secretary of State's visit to India is likely to center around the Quad alliance and energy trade. Meanwhile, India-bound crude tankers have reportedly crossed the Strait of Hormuz. DW has more.
There needs to be a predictable and stable flow of cargo through the strait before markets can stabilise, experts say.
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