Even without war in the Gulf, pricier petrol is here to stay
Expensive oil could put Donald Trump in the White House
![A full-service gas station in Beverly Hills, California](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/content-assets/images/20240420_FNP503.jpg)
When Iran’s missiles whizzed towards Israel on Saturday April 13th, oil markets were closed. When they opened on Monday, their reaction was a loud “meh”. Brent crude, the global benchmark, dipped below $90 a barrel. It has since hovered around that level (see chart).
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This article appeared in the Finance & economics section of the print edition under the headline “Explosive material”
Finance & economics April 20th 2024
- Generation Z is unprecedentedly rich
- Why the stockmarket is disappearing
- China’s better economic growth hides reasons to worry
- Frozen Russian assets will soon pay for Ukraine’s war
- Even without war in the Gulf, pricier petrol is here to stay
- Citigroup, Wall Street’s biggest loser, is at last on the up
- Can the IMF solve the poor world’s debt crisis?
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