European stocks and government bonds fall as oil price climbs
Energy shock intensifies fears that global economy faces prolonged period of higher inflation
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Oil prices in the driving seat as energy shock upends global markets
Investors are picking winners and losers based on economies’ exposure to inflationary surge
How the oil shock might spread
Measures undertaken by vulnerable economies may be only the start of things to come
ECB and BoE warn of rate rises as they grapple with Middle East shock
Policymakers indicate they may need to raise borrowing costs if energy price surge triggers persistent inflation
Echoes of history: what the oil shock means for your money
As central bankers tread the line between controlling inflation and avoiding economic stagnation, investors face tough decisions
Oil market one month from crunch point as global stockpiles dwindle
Traders warn of further jump in prices and ‘huge pain’ as economies cut consumption
Why this oil shock is different
Governments and central banks are out of policy ammunition to contain the economic fallout