Oil price surge may be passed on to Hong Kong consumers, industry chiefs warn

Some Hong Kong industries have warned that surging fuel prices due to the war in the Middle East could hinder their recovery and be passed on to consumers, even as authorities are communicating with local oil companies to monitor the effects locally. But economists suggested the city was well positioned to manage the oil shock in the near term as the US-Israel war on Iran entered its 11th day on Tuesday. Oil markets have been volatile since the United States and Israel jointly attacked Iran at...


43 h.
Economics
ID: 1406601263088520019


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