Economics
What Oil at $100 a Barrel Would Mean for the World Economy
- Energy costs the latest headwind for slowing global growth
- Higher prices will hit different economies in different ways
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Surging crude prices are posing another headwind for the world economy after President Donald Trump’s “zero” pledge on Iran oil sales.
Brent crude has risen about 33 percent this year and is close to the highest in six months. While higher prices due to strong demand typically reflects a robust world economy, a shock from constrained supply is a negative.