Friday, March 20, 2026

Impact of the 2026 Energy Shock

The U.S. Economy Is Insulated from High Oil Prices. Americans Aren’t.
https://www.nytimes.com/2026/03/20/business/us-economy-oil-prices-inflation-iran-war-americans.html
The overall economy has proved resilient in recent years, even as many households have struggled. The war with Iran is following the same pattern. 

America may be a petrostate. But the energy shock still hurts
 
If You Want to Know What Happens in an Oil Crisis, Look at Asia
https://www.nytimes.com/2026/03/20/business/oil-jetfuel-asia.html
As China and other major suppliers of refined oil in the region restrict exports, import-dependent countries are desperate to secure fuel supplies. 


The Iran War’s Economic Threat to Europe and Asia
https://www.nytimes.com/2026/03/19/business/iran-war-fiscal-spending-debt.html
Inflation and its consequences for growth are a growing concern for countries where memories of the 2022 energy crisis are fresh.