/ 26 January 2024

Middle East crisis: Why aren’t oil prices much higher?

Gas Stations As South Africa Weighs Price Cap And Rationing
Fuel prices have also fallen this month, which might have helped keep inflation in check, although it remains to be seen what effect the rand’s weakness will have had. (Dwayne Senior/Bloomberg via Getty Images)

Lower prices are good insofar as inflation is concerned but they suggest that economic troubles lie ahead

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