Tag: global trade routes risk

France says US-led Hormuz shipping coalition will complement UK-France mission, not compete

France says US-led Hormuz shipping coalition will complement UK-France mission, not compete

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France has made it clear that rising international efforts to secure the Strait of Hormuz are meant to work together—not against each other. Speaking from Abu Dhabi after a diplomatic tour across the Gulf, French Foreign Minister Jean-Noel Barrot explained that a newly announced US-led maritime coalition is expected to support, rather than rival, an […]

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US Fed chief says energy shock manageable for now but warns inflation risks could grow

US Fed chief says energy shock manageable for now but warns inflation risks could grow

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The head of the US central bank, Jerome Powell, said the economic impact of the recent surge in energy prices appears manageable for now. However, he cautioned that the situation could become more serious if people and businesses begin to expect inflation to stay high for a longer period. Speaking during an event at Harvard […]

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