Scenarios that markets and policymakers hoped to avoid are now materialising Source: ft.com

Source: pbs.org

Iran’s South Pars isn’t just a gas field—it is the heart and lungs of an Iranian economy that relies heavily on domestic supplies of natural gas for pretty much everything needed to keep the country ticking. “The strike is not just an energy event,” said Nima Shokri, an environmental expert at Hamb Source: wsj.com

The walkout at the JBS plant in Greeley, Colo., comes as beef prices have soared, cattle supplies have plunged and immigration sweeps have stressed the labor supply. Source: nytimes.com

Britain authorises use of military bases to strike Iranian missile launchers that target shipping in strait of Hormuz Source: theguardian.com

Investors will get a heavy rotation of Federal Reserve speakers in the coming week as officials weigh in on the economic outlook amid the war’s energy disruptions. Tuesday’s purchasing-managers’ index—one of the first major surveys of business conditions since the U.S.-Iran war began—and Friday’s co Source: wsj.com