May 2, 2026
Headlines

oil price global impact

Houthi Strikes

Oil Crosses $100 for First Time Since July 2022 as Trump Threats, Houthi Strikes Shake Markets

Business News Desk03 mins mins

Global oil prices surged past the $100 per barrel mark for the first time since July 2022, driven by escalating geopolitical tensions and supply disruptions. Brent crude futures climbed above $112, while West Texas Intermediate (WTI) crossed $105, sparking concerns about inflationary pressures and energy market instability worldwide. Key Drivers Behind the Surge Trump’s Threats…

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Gita Gopinath

Oil Price Surge Could Lift Global Inflation by 60 bps, Trim 2026 Growth: Gita Gopinath

Business News Desk03 mins mins

Global economic stability faces fresh challenges as oil prices surge, with International Monetary Fund (IMF) First Deputy Managing Director Gita Gopinath warning that the spike could lift global inflation by 60 basis points (bps) and trim growth in 2026. Her remarks underscore the delicate balance policymakers must maintain between energy markets, inflation control, and growth…

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