{"id":67737,"date":"2026-03-02T08:15:45","date_gmt":"2026-03-02T13:15:45","guid":{"rendered":"https:\/\/news2shorts.com\/index.php\/2026\/03\/02\/middle-east-crisis-pushes-up-oil-prices-and-could-drive-inflation-rises-too\/"},"modified":"2026-03-02T08:15:45","modified_gmt":"2026-03-02T13:15:45","slug":"middle-east-crisis-pushes-up-oil-prices-and-could-drive-inflation-rises-too","status":"publish","type":"post","link":"https:\/\/news2shorts.com\/index.php\/2026\/03\/02\/middle-east-crisis-pushes-up-oil-prices-and-could-drive-inflation-rises-too\/","title":{"rendered":"Middle East crisis pushes up oil prices \u2013 and could drive inflation rises too"},"content":{"rendered":"<p>Effects of extended conflict between US and Iran could also lead to higher interest rates and hit economic growth<\/p>\n<ul>\n<li>\n<p><a href=\"https:\/\/www.theguardian.com\/business\/live\/2026\/mar\/02\/oil-price-us-israel-iran-war-100-dollars-a-barrel-stock-markets-drop-travel-news-updates\">Business live \u2013 latest updates<\/a><\/p>\n<\/li>\n<li>\n<p><a href=\"https:\/\/www.theguardian.com\/world\/live\/2026\/mar\/02\/us-israel-war-iran-live-updates-attacks-strikes-tehran-lebanon-beirut-hezbollah-dubai-latest-news\">US-Israel war on Iran \u2013 live updates<\/a><\/p>\n<\/li>\n<\/ul>\n<p>The impact of the deadly and unpredictable conflict in the Middle East on the global economy will be felt most immediately, and keenly, through the rising cost of oil.<\/p>\n<p>Prices jumped on Monday, as markets had their first opportunity to digest the weekend\u2019s tit-for-tat attacks. A barrel of Brent crude oil was trading at about $79 (\u00a359)by lunchtime in London, up about $6 or 8.5% on the day.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2026\/mar\/02\/middle-east-crisis-oil-prices-inflation-us-iran-interest-rates-growth\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Effects of extended conflict between US and Iran could also lead to higher interest rates and hit economic growth Business live \u2013 latest updates US-Israel war on Iran \u2013 live updates The impact of the deadly and unpredictable conflict in the Middle East on the global economy will be felt most immediately, and keenly, through &#8230; <a title=\"Middle East crisis pushes up oil prices \u2013 and could drive inflation rises too\" class=\"read-more\" href=\"https:\/\/news2shorts.com\/index.php\/2026\/03\/02\/middle-east-crisis-pushes-up-oil-prices-and-could-drive-inflation-rises-too\/\" aria-label=\"Read more about Middle East crisis pushes up oil prices \u2013 and could drive inflation rises too\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-67737","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/67737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=67737"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/67737\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=67737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=67737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=67737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}