How a Single Strait 2,000 Miles Away Just Made Your Money Worth Less
The Indian rupee hit a four-week low and global markets shuddered as renewed U.S.-Iran clashes sent oil prices surging—and ordinary households are already feeling the squeeze.
Real money drama — scams, layoffs, debt, windfalls and family fortunes — reported and told well.
The Indian rupee hit a four-week low and global markets shuddered as renewed U.S.-Iran clashes sent oil prices surging—and ordinary households are already feeling the squeeze.
Oil prices surged past $85 and the Indian rupee crumbled past 96 per dollar as fresh US-Iran strikes in the Strait of Hormuz triggered a chain reaction through global markets.
A surprise jump in crude prices gave Australia's biggest fuel refiner a rare tailwind. But history suggests the celebration may be short-lived.