Passport

Oil prices shoot through the roof

Wow: Oil prices are spiking more than $25 a barrel as rising anxiety over the government’s proposed bailout of the financial system batters the dollar and sends investors scrambling for safe-haven assets. UPDATE: The dollar is really going to get hammered, Bloomberg reports.

Wow:

Oil prices are spiking more than $25 a barrel as rising anxiety over the government’s proposed bailout of the financial system batters the dollar and sends investors scrambling for safe-haven assets.

UPDATE: The dollar is really going to get hammered, Bloomberg reports.

Wow:

Oil prices are spiking more than $25 a barrel as rising anxiety over the government’s proposed bailout of the financial system batters the dollar and sends investors scrambling for safe-haven assets.

UPDATE: The dollar is really going to get hammered, Bloomberg reports.

Tags: Economics, Oil Production

Trending

  1. 1
    The 1970s Weren’t What You Think
  2. 2
    Is Using Nuclear Weapons Still Taboo?
  3. 3
    A Modest Proposal to Save Afghanistan—From Itself
  4. 4
    What the Fall of Empires Tells Us About the Ukraine War
  5. 5
    Roe Abolition Makes U.S. a Global Outlier
Latest Analysis

Biden’s Indo-Pacific Economic Framework Is a Paradigm Shift
Robert D. Atkinson

Western Nonprofits Are Trampling Over Africans’ Rights and Land
Aby L. Sène

China Is Sweeping Up Pacific Island Allies
Jim Kolbe, Peter Devine

More from Foreign Policy

A worker cuts the nose off the last Ukraine's Tupolev-22M3, the Soviet-made strategic aircraft able to carry nuclear weapons at a military base in Poltava, Ukraine on Jan. 27, 2006. A total of 60 aircraft were destroyed according to the USA-Ukrainian disarmament agreement.
A worker cuts the nose off the last Ukraine's Tupolev-22M3, the Soviet-made strategic aircraft able to carry nuclear weapons at a military base in Poltava, Ukraine on Jan. 27, 2006. A total of 60 aircraft were destroyed according to the USA-Ukrainian disarmament agreement.

Why Do People Hate Realism So Much?

The school of thought doesn’t explain everything—but its proponents foresaw the potential for conflict over Ukraine long before it erupted.

Employees watch a cargo ship at a port in China, which is experiencing an economic downturn.
Employees watch a cargo ship at a port in China, which is experiencing an economic downturn.

China’s Crisis of Confidence

What if, instead of being a competitor, China can no longer afford to compete at all?

Federal Reserve Chair Jerome Powell testifies in the U.S. Senate in Washington on Sept. 24, 2020.
Federal Reserve Chair Jerome Powell testifies in the U.S. Senate in Washington on Sept. 24, 2020.

Why This Global Economic Crisis Is Different

This is the first time since World War II that there may be no cooperative way out.

Chinese President Xi Jinping (left) and Premier Li Keqiang applaud at the closing session of the National People's Congress at the Great Hall of the People in Beijing on March 11.
Chinese President Xi Jinping (left) and Premier Li Keqiang applaud at the closing session of the National People's Congress at the Great Hall of the People in Beijing on March 11.

China Is Hardening Itself for Economic War

Beijing is trying to close economic vulnerabilities out of fear of U.S. containment.

Trending

  1. The 1970s Weren’t What You Think
    Essay |
    Adam Tooze

  2. Is Using Nuclear Weapons Still Taboo?
    Analysis |
    Nina Tannenwald

  3. A Modest Proposal to Save Afghanistan—From Itself
    Analysis |
    Lynne O’Donnell

  4. What the Fall of Empires Tells Us About the Ukraine War
    Argument |
    Anatol Lieven

  5. Roe Abolition Makes U.S. a Global Outlier
    Infographic |
    FP Staff
Latest

Everything You Ever Wanted to Know About Hot Dogs

What in the World?

Why Iran Is Downplaying Israel Assassinating Its Officials

Biden’s Indo-Pacific Economic Framework Is a Paradigm Shift

West Worries About Fraying Consensus Over Ukraine
See All Stories