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Something will cause inflation to go up this year, but it’s not oil

It’s often said that the inflation of the 1970s and ’80s in the U.S. and elsewhere was caused by the two oil crises of 1973-74 and 1979-80. Not so.

By Steve H. Hanke and John GreenwoodMarch 9, 2026
Stocks stage massive upside reversal as oil plunges after Trump says Iran war could be over soon
By Eva RoytburgMarch 9, 2026
iran
U.S. intel assessment: Iran regime change was unlikely in either short or long war, sources say
By Michelle L. Price, Mary Clare Jalonick and The Associated PressMarch 9, 2026
Like Trump, Iran’s new supreme leader is a real estate mogul, with a house on ‘Billionaires’ Row,’ a villa in Dubai, and upscale European hotels
By Jason MaMarch 9, 2026
three men speak on conference stage
Dubai’s signature Token2049 crypto event set to go forward even as other conferences hit pause amid growing conflict
By Carlos GarciaMarch 9, 2026
A plume of smoke rises from the port of Jebel Ali following a reported Iranian strike in Dubai on March 1, 2026.
Iran’s attacks on Amazon data centers in UAE, Bahrain signal a new kind of war as AI plays an increasingly strategic role, analysts say
By Jeremy KahnMarch 9, 2026
Latest Stories
AINobel laureate Joseph Stiglitz warns AI’s hunger for internet comments could degrade the world’s ‘information ecosystem’
By Catherina GioinoMarch 9, 2026
A woman in a red coat holds up a sign that says, “Shouldn’t hurt to be a nurse.”
EconomyHealth care has been propping up a shaky labor market. For the first time in over four years, the sector shed thousands of jobs
By Sasha RogelbergMarch 9, 2026
Real Madrid player Jude Bellingham pours water on his face during a break
Arts & EntertainmentThe 2026 World Cup will bring a uniquely American sports tradition to the beautiful game: Mid-match ad breaks
By Tristan BoveMarch 9, 2026
People wait outside a building
AIAI layoffs are coming. The problem may be compounded because nearly 75% of people don’t apply for unemployment benefits
By Jacqueline MunisMarch 9, 2026
CryptoStrategy buys $1.3 billion of Bitcoin using mostly common stock
By Melos Ambaye and BloombergMarch 9, 2026
Personal FinanceHow to invest in gold: 6 ways to buy this precious metal
By Joseph HostetlerMarch 9, 2026
Paris Hilton poses on the red carpet.
SuccessAfter losing her Malibu home, Paris Hilton is raising $1 million to get women-owned businesses back on their feet
By Gabriela Aoun Angueira and The Associated PressMarch 9, 2026
Photo of Donald Trump
EnergyTrump promised to fill America’s oil reserves ‘right to the top.’ A year later, oil has exceeded $100 and they’re still less than 60% full
By Tristan BoveMarch 9, 2026
More Middle EastPage 8 of 21
North AmericaStellantis said to plan $10 billion in U.S. turnaround investments
By Aaron Kirchfeld, Albertina Torsoli, Gabrielle Coppola and BloombergOctober 4, 2025
Middle EastIsrael moves to defensive-only position in Gaza as army eyes first phase of Trump’s plan to end the war
By Sam Mednick, Samy Magdy and The Associated PressOctober 4, 2025
Middle EastTrump orders Israel to stop bombing Gaza after Hamas partially accepts his peace plan
By Wafaa Shurafa, Bassem Mroue, Joseph Krauss and The Associated PressOctober 3, 2025
Leqaa Kordia
LawMeet the only campus protester still locked up by Trump, a 32-year-old Palestinian who grew up in the West Bank with aunts and uncles in Gaza
By Jake Offenhartz, Adam Geller and The Associated PressOctober 3, 2025
Trump
EnergyTrump plans review of Equinor’s Empire Wind 2 near New York
By Mark Chediak, Jennifer A. Dlouhy and BloombergOctober 1, 2025
North AmericaWashington takes stake in company building one of the world’s largest lithium mines as it races to catch up with China
By Michelle Chapman and The Associated PressOctober 1, 2025
Oilpatch
EnergyWhat oil CEOs really think about Trump, tariffs and uncertainty: ‘Those who can are running for the exits’
By Eva RoytburgSeptember 24, 2025
Macron
EuropeUN traffic in New York is so bad that Emmanuel Macron couldn’t even cross the street while talking to Donald Trump on the phone
By Sylvie Corbet and The Associated PressSeptember 24, 2025
Zohran Mamdani
PoliticsMamdani draws NYC investors to advise him if he wins mayor race
By Nacha Cattan and BloombergSeptember 23, 2025
EnergyTrump goes off script in UN address, praising Germany for returning to nuclear energy and fossil fuels: ‘All green is all bankrupt’
By Ashley LutzSeptember 23, 2025
U.S. Secret Service Special Agent in Charge Matt McCool, center, looks at live video surveillance feeds in the agency's New York Field Office, in the Brooklyn borough of New York, Monday, Sept. 22, 2025.
CybersecurityAll of New York City was close to losing cell service until Secret Service thwarted hackers targeting UN General Assembly
By The Associated PressSeptember 23, 2025
organic food
North AmericaTariffs on imported sugar to hit liberals, Gen Z even MAHA where it hurts: organic food
By Sarah Raza, Nick Lichtenberg and The Associated PressSeptember 19, 2025
U.S. President Donald Trump shakes hands with conservative activist Charlie Kirk at a forum dubbed the Generation Next Summit at the White House on March 22, 2018 in Washington, DC.
PoliticsTrump says Charlie Kirk could have become president as Obama rips Kimmel suspension taking ‘cancel culture’ to a ‘new and dangerous level’
By Eva Roytburg and The Associated PressSeptember 18, 2025
Middle EastRubio says Trump is ‘not happy’ about Israel’s strike on U.S. ally Qatar targeting Hamas operatives
By Matthew Lee and The Associated PressSeptember 13, 2025
Middle EastRed Sea cable cuts disrupt internet in Asia, Middle East; Houthis deny involvement as Microsoft warns of disruption
By Jon Gambrell and The Associated PressSeptember 8, 2025
A blurred trump walks in front of a wind turbine.
EnergyTrump declares war on clean energy. The numbers show it’s the only thing keeping America’s lights affordable
By Matthew Daly and The Associated PressAugust 22, 2025
Japan's Prime Minister Shigeru Ishiba wags his finger with a serious face at the camera.
Middle EastJapan pitches free trade zone linking it to Africa, India while extending $5.5 billion loan
By Mari Yamaguchi, Ayaka McGill and The Associated PressAugust 20, 2025
Middle EastSecond cargo ship sinks in Red Sea after Houthi rebel attack with bomb-armed drone boats
By Jon Gambrell and The Associated PressJuly 10, 2025
Middle EastGreek-owned cargo ship comes under fire in Red Sea a day after another one sinks in attack by Houthi rebels
By Jon Gambrell and The Associated PressJuly 8, 2025
Middle EastIsrael launches airstrikes at Yemen’s Houthi rebels and Houthis fire 2 missiles back in response
By Jon Gambrell and The Associated PressJuly 7, 2025
Middle EastCrew abandons Greek-owned cargo ship attacked in the Red Sea after it starts to take on water
By Jon Gambrell and The Associated PressJuly 7, 2025
InnovationOcean technology startup that sold 200,000 carbon credits faces scientists’ doubts: ‘Trust us, it sinks’
By Helen Wieffering and The Associated PressJuly 3, 2025
Middle EastTrump signs ends U.S. sanctions on Syria with executive order
By Fatima Hussein, Matt Lee and The Associated PressJuly 1, 2025
PoliticsTrump administration threatens to cut all Harvard funding after finding it violated Jewish students’ civil rights by tolerating antisemitism
By Collin Binkley and The Associated PressJuly 1, 2025
Middle EastIran’s supreme leader makes first public statement since ceasefire, saying Tehran ‘delivered a hand slap to America’s face’
By The Associated PressJune 26, 2025
PoliticsTrump says U.S. and Iran will talk next week as ceasefire holds: ‘The way I look at it, they fought, the war is done’
By Jon Gambrell, David Rising, Farnoush Amiri and The Associated PressJune 26, 2025
wael sawan speaking into a microphone
FinanceShell denies reports of BP megamerger of Big Oil rivals
By Jordan BlumJune 25, 2025
Donald Trump holds up an index finger
PoliticsTrump defends U.S. ‘devastating attack’ on Iran days after an intelligence assessment called it only a mild setback
By Chris Megerian and The Associated PressJune 25, 2025
passengers look at the departures board at Israel's main airport
Travel & LeisureTravelers are stranded in Israel and Iran. Here’s how airlines are navigating the ongoing conflict
By Lily Mae LazarusJune 25, 2025
Middle EastPro-Iran hackers are back at work after air strikes, targeting U.S. banks, defense contractors, and oil companies
By David Klepper and The Associated PressJune 25, 2025
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