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27
Sep 2026
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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

Energy anxiety in Europe, 50% chance of recession in the US: The economic victims of the war in Iran

Oil in Europe flirts with $110 per barrel, natural gas up 94% since the start of the year – The most expensive gasoline in the US since summer 2022, when the war in Ukraine was raging – What Politico writes about Asian countries pushing demand and driving prices higher

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