1986: THE OIL SHOCK THAT HELPED BREAK THE SOVIET EMPIRE 🇺🇸🇸🇦 The Soviet Union invaded Afghanistan in 1979 and entered a costly war that drained men, money and political credibility. At the same time, Moscow depended heavily on oil and gas exports for the hard currency it needed https://t.co/V47KC4W41g #OilShock #SovietUnion #History #US #SA
🇨🇳 #China’s #Inflation Cools as Iran War Oil Shock Starts to Ease - Bloomberg https://t.co/UgbshaOfWV https://t.co/zZemgyYkbk #China #Inflation #OilShock #CN #IR
🇨🇳 #China Export Prices Climb Most in Three Years on Oil Shock - Bloomberg https://t.co/TYhyMHH5Dk https://t.co/VM0RFv7Gr6 #China #ExportPrices #OilShock #CN
RT @StealthQE4: The last “oil shock” that we saw here in the US was 1973-1974: Equities dropped 50% that year. There was an oil embargo p… #OilShock #MarketCrash #Equities #US
Global equity markets have remained resilient to the Iran oil shock, which has seen oil prices rise significantly, mainly because the economic impact of oil price increases has diminished over time due to reduced oil intensity relative to GDP and inflation adjustments, indicating that the current shock, while severe, does not pose the same risks to economic stability as past shocks. #OilShock #GlobalEconomy #MarketResilience
