Oil shocks return as the US wrestles with its petrostate reality
TL;DR
Renewed Middle East tensions push crude prices higher, reviving 1970s-like inflation and growth fears as the Strait of Hormuz disruption tightens energy markets, reminding Americans that being a petrostate does not shield them from energy shocks.
- America may be a petrostate. But the energy shock still hurts The Economist
- Companies Warn Investors of Energy Price Jitters Fueled by Iran War WSJ
- Inflation expectations flash a warning - but not a long-lasting one Reuters
- Oil prices could reach record highs, analysts warn. Here's what it could mean for the U.S. economy. CBS News
- Making the U.S. More Resilient to Oil Price Shocks Foreign Policy
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