Source: Foundation for Economic Education
by Damian Pudner
“When oil prices rise, economists ask what it means for inflation. Politicians ask what it means for voters. Since the Iran conflict and the disruption in the Strait of Hormuz, that has become the more urgent question. This is no longer just a macro and monetary policy story. It is a cost-of-living story. And in Britain, that means it quickly becomes a political one.” (04/07/26)
https://fee.org/articles/state-intervention-wont-protect-us-from-price-shocks/