economy
April 8, 2026
Middle East crisis will increase inflationary pressure globally
Mikhail Mishustin noted that a number of countries are forced to limit exports to protect their domestic markets and the interests of their consumers
TL;DR
- The situation in the Persian Gulf is increasing global inflationary pressure.
- Oil prices have surged by tens of percent, and gas prices have nearly doubled in Asia and Europe.
- Significant imbalances in global trade have resulted from rising energy prices.
- Several countries are limiting exports to protect domestic markets and consumers.
- Prices for gasoline, diesel fuel, jet fuel, and ship charters are rising globally.
- Increased energy contract prices will raise costs for related industries, transportation, logistics, and electricity.
- Industrial costs and inflationary pressure are expected to rise significantly.
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