From free buses to work from home: How the world is reacting to spiking oil prices

Tech Insider : Economy, Business, Style
Fuel pump
The AAA said that prices

Dan Kitwood/Getty Images

Larry Fink lays out 2 Iran war outcomes: cheaper oil and big growth, or a global recession

Tech Insider : Business, Economy, Travel
Blackrock CEO Larry Fink wearing is sitting on a chair while speaking.
Larry Fink is the CEO of BlackRock.

Bloomberg/Getty Images

The Iran war could end up helping China's economy — despite the short-term pain

Tech Insider : Economy, Economy, Business
Chinese President Xi Jinping applause.
Chinese leader Xi Jinping's administration may face short-term pressure from the Iran war — but longer-term shifts could play to his country's strengths.

Lintao Zhang/Getty Images

Top economist Steve Hanke says Iran is channeling Muhammad Ali — and could deal a 'knockout blow' to the US

Tech Insider : Economy, Economy, Business
Steve Hanke
Steve Hanke.

Steve Hanke

Oil surged past $100 before coming back to Earth. Wall Street is bracing for what comes next.

Tech Insider : Business, Economy, Travel
Oil drilling machinery on a job site.
Oil skyrocketed past $100 a barrel over the weekend because of the war in Iran, but later retreated.

David McNew/Getty Images

Putin tells Russians there's no reason to panic as the ruble sinks, but analysts say its economy is in trouble

Tech Insider : Economy, Economy, Business
A close-up of Putin looking upward.
Russian President Vladimir Putin said there was no reason to panic about the ruble's slide.

REUTERS/Yves Herman

China's economic issues are so serious that even the oil market doesn't care about Middle East tensions — for now

Tech Insider : Economy
Saudi Arabia's King Salman bin Abdulaziz Al Saud and Chinese leader Xi Jinping.
China and Saudi Arabia are impacting oil prices more than Israel's actions in the Middle East.

Lintao Zhang/Getty Images

Big banks promised to protect the planet. Now they're doing an about-face.

Tech Insider : Economy
Wall street sign.

Edmon de Haro for BI

When a small group of climate protesters logged on to a Zoom meeting in early July to speak with Citibank's top sustainability executives, their emotions ranged from cautious optimism to guarded skepticism.

Oil prices aren't the Fed's biggest problem right now — American demand is, says an economist

Tech Insider : Economy, Economy
Inflation could see a resurgence in 2025, BlackRock strategists warned.
Inflation could see a resurgence in 2025, BlackRock strategists warned.

Jonathan Kitchen/Getty Images

Oil disruption fears in the Middle East are getting real after reports of an Israel strike on Iran

Tech Insider
Oil rig

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