Energy costs
Gas hits $4.55 a gallon as Iran war pressures consumers
The national average is up more than 50% since the war began, while companies are also dealing with higher aluminum costs tied to Middle East disruptions
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- Japan diplomacy Japan casts FOIP as bridge to Middle East as security risks grow In a 10-year assessment of the Free and Open Indo-Pacific vision, Japan’s ambassador to Qatar points to maritime security, supply chains and development as priorities
- UK cost pressures UK prices could stay higher for eight months after Iran war, minister says Darren Jones said ministers are planning for supply-chain disruption, though price pressure is seen as more likely than empty supermarket shelves
- Gold supply chain Illegal Colombian gold reached U.S. Mint, Times reports A Times investigation traced gold from an illegal mine in Colombia to the Mint’s West Point facilities, raising questions about safeguards in a market strained by soaring prices