Market

Oil Price Jumps Despite Deal to Release Record Amount of Reserves

Published: 12 March 2026. The English Chronicle Desk. The English Chronicle Online Global oil prices climbed sharply on Thursday even after governments agreed to release a record volume of crude from strategic reserves in a bid to calm markets shaken by geopolitical upheaval. The International Energy Agency (IEA) announced that 32 member countries would collectively release approximately 400 million barrels of emergency oil — the largest coordinated deployment in its...

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US Launches Probe into Trading Partners Including EU, China, and India

Published: March 12, 2026 The English Chronicle Desk. The English Chronicle Online The United States has announced a major investigation into several of its key trading partners, including the European Union, China, and India, citing concerns over trade practices and market access that may disadvantage American businesses. Officials from the US Trade Representative’s office said the probe will examine tariffs, subsidies, and other trade measures that could constitute unfair practices...

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‘Chippies Will Die Unless We Eat Cheaper Fish’

Published: March 12, 2026 The English Chronicle Desk. The English Chronicle Online Britain’s traditional fish and chip shops are facing an uncertain future unless consumers become willing to eat cheaper types of fish, industry figures have warned. Rising costs, changing supply chains and environmental pressures are forcing many independent “chippies” to rethink the long-standing reliance on premium fish such as cod and haddock. Fish and chip shops have long been...

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Iran War Costs to Be Passed to Consumers, Shipping Boss Warns

Published: March 11, 2026 The English Chronicle Desk. The English Chronicle Online The chief executive of one of the world’s largest shipping companies has told the BBC that the economic fallout from the ongoing war involving Iran will ultimately be passed on to everyday consumers through higher prices for goods and services. Vincent Clerc, head of Danish shipping giant Maersk, said sharply rising operational costs driven by the conflict are...

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Gulf Oil Shock Sends Global Economic Ripples

Published: March 10, 2026The English Chronicle DeskThe English Chronicle Online A sudden surge in global oil prices following escalating military conflict involving the United States and Israel in Iran is beginning to reverberate across the world economy. The disruption of energy supplies from the Gulf region has triggered a sharp rise in oil and gas prices, unsettling financial markets and raising concerns about inflation, supply shortages, and economic slowdown in...

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Reeves Faces Triple Threat as Markets Reel From Global Turmoil

Published: 9 March 2026 The English Chronicle Desk The English Chronicle Online — UK News Chancellor Rachel Reeves has been thrust into the centre of an escalating economic emergency as global markets continue to plunge, oil prices surge, and fears mount that Britain is heading into a period of severe financial instability. While the war in Iran has triggered immediate shockwaves across the world economy, senior Treasury officials now warn...

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G7 to Hold Emergency Oil Talks as Markets Plunge

Published: 9 March 2026 The English Chronicle Desk The English Chronicle Online — Business & Economy Global financial markets were thrown into turmoil on Monday as oil prices surged to their highest levels in years, prompting the Group of Seven (G7) nations to call an emergency meeting to address the rapidly escalating energy crisis. The meeting, set to take place later today, comes amid deepening instability in the Middle East...

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Could Trump Threaten London’s £50bn Insurance Giant?

Published: March 5, 2026 | The English Chronicle Desk | The English Chronicle Online Uncertainty surrounding American politics is beginning to ripple through global financial markets, and one of the institutions feeling the pressure is London’s historic insurance marketplace. With the possible return of Donald Trump to the White House, analysts are increasingly questioning whether sweeping changes to United States economic policy could destabilise one of the United Kingdom’s most...

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Stock Markets and Oil Prices Still Volatile Over Fears Iran War May Drag On

Published: March 5, 2026The English Chronicle DeskThe English Chronicle Online Global financial markets remain unstable as investors grapple with the economic fallout of the expanding conflict involving the United States, Israel and Iran. Stock markets in Europe, Asia and North America have seen volatile swings, while oil prices have climbed sharply amid worries that the war — and its knock‑on effects on energy supplies — could persist for weeks or...

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China Sets Lowest Economic Growth Target Since 1991

Published: March 5, 2026 . The English Chronicle Desk . The English Chronicle Online China has announced its lowest economic growth target in more than three decades, signalling a cautious outlook for the world’s second-largest economy as policymakers confront mounting domestic and global challenges. The new target, set between 4.5% and 5% for 2026, marks the most modest official growth goal since 1991 and reflects concerns about slowing momentum in...

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