Rising energy prices push inflation higher again as Hormuz disruption continues
Rising energy prices are pushing inflation higher again, with major central banks now under pressure to consider interest rate rises. The development comes as the Strait of Hormuz remains disrupted six months into the Iran war, while Houthi advances are also threatening Saudi oil supplies. The combination is feeding through into household and business bills and adding to concern over the outlook for growth.The report says policymakers are being forced to revisit an older assumption that oil shocks can simply be waited out. For decades, central banks treated energy spikes as temporary and avoided responding with tighter monetary policy. The... [Continue Reading]
360LiveNews | 17 Sep 2026 12:29 LONDON
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