Economy

Why Oil Prices Are Falling as US-Iran Diplomacy Advances

Economy LoudFact News Desk -
Global oil prices extended a three-day decline on Tuesday, with Brent crude slipping toward $86 a barrel as traders grew more confident that diplomatic...

Iran Earned $18 Billion in Oil Revenue During the War and Ceasefire — Here Is What That Tells Us About the Conflict’s Real Economics

Economy LoudFact News Desk -
Iran sold $11.5 billion worth of oil during the war and another $6.5 billion during the subsequent ceasefire, Oil Minister Mohsen Paknejad claimed July...

The Iran War Has Now Cost the Global Economy an Estimated $6.8 Trillion — and the Meter Is Still Running

Economy LoudFact News Desk -
Three weeks ago, LoudFact published a comprehensive assessment of the Iran war's global economic cost, estimating total damage at...

Three Months Into the Iran War’s Energy Shock — How the World Has Permanently Changed

Economy LoudFact News Desk -
The Iran war is 140 days old. There may yet be a ceasefire. Oil prices may eventually fall. Shipping...

China’s Economy Grew 4.1% in Q2 — but Consumer Spending and Property Investment Are Still Falling

Economy LoudFact News Desk -
China's National Bureau of Statistics reported on Wednesday that the country's economy grew at an annual rate of 4.1%...

The World Cup Is Generating $35 Billion for the US Economy — but the Iran War Is Threatening the Windfall

Economy LoudFact News Desk -
The 2026 FIFA World Cup — hosted across the United States, Canada and Mexico, with 11 American cities serving...

The World Economy Just Absorbed the Ceasefire’s Collapse — and Markets Are Pricing In the Worst

Economy LoudFact News Desk -
The collapse of the US-Iran ceasefire framework on July 8 — when Trump declared it "over" on the sidelines...

Cuba Has Plunged Into Its Third Island-Wide Blackout This Year — and the Power Crisis Is Getting Worse

Economy LoudFact News Desk -
Cuba's national electrical grid collapsed for the third time in 2026 on Monday, July 7, plunging the island of...
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