With airfares and gas prices spiking, some lawmakers are warning of the potential for price gouging, even as experts point to extreme supply shocks.

With airfares and gas prices spiking, some lawmakers are warning of the potential for price gouging, even as experts point to extreme supply shocks.

Asia relies heavily on oil and gas from the Gulf, and shortages and higher prices are starting to bite.

The closure of the Strait of Hormuz has created a daily supply deficit of around 15 million barrels of oil, triggering fuel shortages in countries that rely heavily on Middle…

The price of a wide range of goods - from food, to smartphones, to medicines - could be affected by the US-Israel war with Iran.