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Wednesday
18
Mar 2026
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Athens 12°C

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Three scenarios on the table for the impact of the war in the Middle East

If the shock is passed on simultaneously to energy, freight, fertilisers, agricultural production and the general cost of the economy, horizontal subsidies are not enough, sources stress.

Over 400 million barrels of oil reserves released to the market by the International Energy Agency

Governments of IEA countries have pledged to make available 271.7 million barrels of oil from government reserves, 116.6 million barrels from industry's mandatory stocks and 23.6 million barrels from other sources

Turmoil in the stock markets – Why the markets are selling off the sovereign bonds of the major countries

Investors abandon US bonds along with the dollar and turn to gold, while the world's debt soars to 102 trillion dollars, reaching almost 100% of global GDP - The adverse scenarios evoke post-war nightmares - Trump's tariffs backfire on the dollar

General blackout in Cuba, the fifth in a month

Even before today's blackout, many areas of the island were experiencing daily power outages of up to 16 hours

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