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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 9 of 21
Middle EastDefense Department intelligence report suggests U.S. strikes only set back Iran’s nuclear program by a few months
By Michelle L. Price, Mary Clare Jalonick, Stephanie Liechtenstein, Sam McNeil and The Associated PressJune 25, 2025
Middle EastThe $8 billion Al Udeid Air Base that Iran attacked was once so secretive that U.S. military officers would only say it was somewhere ‘in southwest Asia’
By David Rising, Jon Gambrell, Melanie Lidman and The Associated PressJune 24, 2025
A consumer refuels their vehicle at a gas station in Daegu, South Korea, on June 23, 2025, while geopolitical risks heighten due to U.S. attacks on Iran's nuclear facilities.
Middle EastCeasefire between Israel and Iran already being tested as markets bet it will stave off ‘stagflationary shock’
By Nino PaoliJune 23, 2025
President Donald Trump delivers an address to the nation accompanied by U.S. Vice President JD Vance, U.S. Secretary of State Marco Rubio and U.S. Defense Secretary Pete Hegseth from the White House on June 21, 2025 in Washington, D.C.
Middle EastTrump announces phased-in ceasefire between Iran and Israel
By Aamer Madhani, Chris Megerian and The Associated PressJune 23, 2025
Traders work on the floor of the New York Stock Exchange during morning trading on June 23, 2025
FinanceMarkets edge higher Monday after Iran fires missiles at U.S. base in Qatar
By Alicia AdamczykJune 23, 2025
Middle EastIran launches limited retaliation to U.S. attack on nuclear sites, indicating potential opening for de-escalation
By David Rising, Jon Gambrell, Melanie Lidman and The Associated PressJune 23, 2025
Middle EastTrump is open to regime change in Iran, after his administration said that wasn’t the goal
By Josh Boak, Mike Pesoli and The Associated PressJune 22, 2025
Middle EastU.S. attacks on Iran resemble a ‘TikTok-style war’ and may be peak military involvement, geopolitical expert says
By Jason MaJune 22, 2025
Middle EastShipping on high alert in Mideast after U.S. strikes on Iran
By Alex Longley, Viktoria Dendrinou and BloombergJune 22, 2025
Middle EastJD Vance says Iran is ‘clearly not very good at war’ and should seek peace while declaring the U.S. has ‘no interest’ in ground troops
By Jason MaJune 22, 2025
Middle EastOil prices could spike 10% after the U.S. attack on Iran — ‘But don’t be fooled, this may not last’
By Jason MaJune 22, 2025
Middle EastBombing Iran’s nuclear sites complicates hunt for what’s left
By Jonathan Tirone, Rachel Lavin and BloombergJune 22, 2025
Middle EastPentagon says U.S. strikes ‘devastated’ Iran’s nuclear program but weren’t aimed at regime change
By AFPJune 22, 2025
Middle EastIsraeli defense minister says Iran’s supreme leader ‘should not continue to exist’ after Iranian missiles wound 240
By The Associated PressJune 19, 2025
PoliticsTrump leaves G7 summit early with hints of more conflict in the Middle East: ‘Everyone should immediately evacuate Tehran!’
By Josh Boak, Rob Gillies, Jill Lawless and The Associated PressJune 17, 2025
Fire and smoke rise into the night sky after an Israeli attack on the Shahran oil depot.
Middle EastWhat the Iran/Israel conflict means for U.S. energy prices going forward
By Jordan BlumJune 16, 2025
Former U.S. President and current Republican Presidential nominee Donald Trump speaks about the economy, inflation, and manufacturing during a campaign event at Alro Steel.
FinanceOil prices surge after Israel’s attack on Iran. Trump urges Iran to ‘make a deal before there is nothing left’
By Christiaan HetznerJune 13, 2025
ConferencesHow Bahrain uses its small size—and being Saudi Arabia’s neighbor—to its advantage 
By Steve MollmanMay 31, 2025
Donald Trump speaks with Benjamin Netanyahu
Middle EastTrump warns Israel to hold off on attacking Iran to give the U.S. more time to hold nuclear talks, which he insists are ‘very close to a solution’
By Jon Gambrell, Zeke Miller, Aamer Madhani and The Associated PressMay 28, 2025
ConferencesHalf the world population could be diabetic or insulin resistant by 2050
By Ian MountMay 26, 2025
ConferencesVisa exec says Saudi businesswomen are showing a ‘very aggressive’ side as traditional barriers to success crumble 
By John KellMay 23, 2025
Trump speaks with leaders in Abu Dhabi
Middle EastPeople danced in the streets of Damascus after Trump vowed to end all sanctions on Syria. His administration is unsure how best to proceed
By Abby Sewell, Ellen Knickmeyer and The Associated PressMay 23, 2025
Two women work at an auto repair shop in Saudi Arabia.
MPWSaudi Arabia has doubled the share of women in the workforce since 2015—but obstacles remain
By Alicia AdamczykMay 23, 2025
ConferencesBCG leader calls for optimism amid AI doom and gloom, and says enabling young people to ‘build and shape the future’ is key
By John KellMay 22, 2025
Iran's foreign minister Abbas Araghchi clasps his hands together
Middle EastIran says it will never stop enriching uranium and U.S. officials are wasting their breath
By Amir Vahdat and The Associated PressMay 21, 2025
ConferencesFormer U.K. prime minister Theresa May says ex-world leaders need to stop commenting on everything: ‘be a measured voice’
By Orianna Rosa RoyleMay 21, 2025
TechDecentralizing computing power is key to avoiding an AI divide between the wealthy and the Global South
By Ian MountMay 21, 2025
Donald Trump gestures
PoliticsMiddle East investment promises balloon to $7 trillion as Trump keeps jacking up the number
By Josh Boak and The Associated PressMay 20, 2025
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ConferencesFortune Most Powerful Women International Summit Riyadh 2025 livestream
By Fortune EditorsMay 20, 2025
U.S. President Donald Trump shakes hands with Saudi Crown Prince Mohammed Bin Salman during Trump's visit to the Middle East.
PoliticsWhy filling the Strategic Petroleum Reserve could be the secret to success of Trump’s Middle East visit
By Jordan BlumMay 16, 2025
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