Jerome Powell: Oil price rally will lead to a rise in inflation in the short term
The impact of developments in the Middle East on the US economy is uncertain, the head of the Federal Reserve said in a statement
Fed: interest rates unchanged amid war and energy crisis
Interest rates were maintained in the 3.5% to 3.75% range as the oil rally boosts inflationary pressures and pushes back expectations for the first cut of the year since the autumn
Ankara proposes extending the pipeline linking Turkey and Iraq as an alternative to the Strait of Hormuz
This proposal was presented in an interview by Turkey’s Energy Minister as an alternative solution in case the Strait of Hormuz is closed