Climate Change
The Oil Price Shock Is Here. Its Arrival Provides a Familiar Warning.
With gasoline and oil prices rising, U.S. consumers are already feeling the effects of the Iran conflict and the consequences of a slow transition to cleaner alternatives.
Oil prices shot up on Monday as disruptions related to the war in Iran sent shockwaves through financial markets, underscoring the risks for countries that have been slow to diversify beyond fossil fuels.
The Oil Price Shock Is Here. Its Arrival Provides a Familiar Warning.