The EY geostrategic analysis for May 2026 warns that the energy price shock linked to the Iran war will suppress consumer spending globally.
Tag: energy
Fed’s Goolsbee: Energy Inflation Has Been More Persistent Than Expected
Chicago Fed President Austan Goolsbee warns that energy price pressures driven by the Iran war are complicating the Fed’s inflation outlook.
UK Energy Bills Rise Again as Food Costs Climb and Youth Unemployment Warnings Deepen
UK businesses and households face fresh pressure as utility costs and food prices continue their upward trend in May 2026.
Energy Price Shock from Middle East War Expected to Constrain Household Consumption
EY analysts projected that the energy price and supply disruption caused by the ongoing Middle East conflict will weigh on household spending particularly for durable goods.
Iran Is Not Trying to Close Hormuz Anymore — It Is Trying to Own It
Geopolitical analysts argue Iran’s strategy has shifted from threatening to close the Strait of Hormuz to seeking permanent administrative control over it.
US Imposes Blockade on Iran’s Ports Since April 17 2026 in Escalation of War
The naval blockade imposed six weeks ago has stranded hundreds of ships and pushed global energy prices higher.
A 4 Billion Dollar Permian Basin Federal Oil Lease Sale Quadruples Previous Revenue Record
The federal government’s onshore oil and gas auction generated four times more revenue than any previous sale