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Financial TimesTuesday, 26 May 2026
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Iran energy shock starts to squeeze real wages in world’s rich countries
War halts pay recovery ● Strait impasse propels prices ● US, UK and Europe hit ● Diplomacy intensifies
The paper frames the geopolitical conflict through its macroeconomic consequences, focusing specifically on the erosion of purchasing power and global supply chain vulnerabilities.
Following conflict involving Iran and the closure of the Strait of Hormuz, rising energy costs are outpacing wage growth in major economies, threatening to stall the post-pandemic economic recovery.
“squeeze real wages”
“Focus on global market stability”
Pope says AI needs to be ‘disarmed’ in warning over tech’s ‘idolatry of profit’
Focuses on the ethical and moral implications of artificial intelligence development as voiced by the Vatican.
Exxon’s carbon capture bet runs into public headwinds
Examines the local community and safety opposition facing a large-scale industrial climate project.
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