Global Oil Market in for a Shock: Fahmy
Original Report
Former US Associate Deputy Energy Secretary Randa Fahmy warns that the ongoing Middle East conflict could extend for a prolonged period. She speaks after Iran-backed Houthi militants in Yemen entered...
Former US Associate Deputy Energy Secretary Randa Fahmy warns that the ongoing Middle East conflict could extend for a prolonged period. She speaks after Iran-backed Houthi militants in Yemen entered the conflict over the weekend. (Source: Bloomberg)
Glass House Analysis
Energy prices affect virtually every aspect of daily life—from commuting costs to heating bills to the price of groceries (which must be transported). For working families, energy represents one of the most volatile and impactful line items in their budgets. Energy policy decisions ripple through the economy, affecting everything from manufacturing competitiveness to household financial stress.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
Enjoyed this analysis?
Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.
No spam. Unsubscribe anytime.
More Stories
Oil gains with Brent heading for record monthly surge as Trump reportedly eyes Iran energy control
Oil prices climbed on Monday after Yemen's Houthis said they had fired missiles at Israel, opening a new front in the U.S.- and Israeli-led conflict with Iran.
Stock futures trade flat ahead of a holiday-shortened trading week: Live updates
The Dow Jones Industrial Average sank into correction territory on Friday, joining the Nasdaq, which entered a correction the day before.
Israel Approves Revised War Budget Extending Reliance on Debt
Israel’s parliament approved a 2026 state budget with a large defense supplement to cover the war with Iran, to be funded by additional borrowing and cuts in civilian spending.
Chinese Cargoes Hint at Fuels Relief for Neighbors Despite Curbs
China has exported cargoes of diesel and other fuels to energy-starved countries across Southeast Asia over the weekend, in what appears to be a signal of support despite export curbs imposed earlier...