Pupils' reading and maths skills slump across the world as digitalisation soars, PISA study shows

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-08 • Permanent link

Rising tensions between the United States and Russia have sent shockwaves through the global energy market, with oil prices surging towards $100 a barrel. The Houthi rebel group's attack on Saudi Arabia's Abqaiq oil processing facility on Saturday resulted in significant damage to critical infrastructure, prompting a swift response from the Saudi-led coalition. According to reports, the attack has disrupted global oil supplies, with the Organization of the Petroleum Exporting Countries (OPEC) warning of a potential shortage.

As the energy market teeters on the brink of chaos, investors are bracing for the worst. The surge in oil prices has already led to a sharp decline in the value of the US dollar, with many economists warning of a potential economic downturn. The International Monetary Fund (IMF) has also expressed concerns over the impact of the conflict on global trade, with many analysts predicting a slowdown in economic growth. The situation is further complicated by the fact that many oil-producing countries are heavily reliant on Russian energy exports.

Since the collapse of the Soviet Union, the global energy market has undergone significant changes. The rise of shale oil and gas production in the United States has reduced the country's reliance on foreign energy sources, while the growth of renewable energy sources has led to a decline in demand for fossil fuels. However, the conflict in Ukraine has highlighted the vulnerability of the global energy system to external shocks, with many experts warning of a potential return to the days of oil price volatility.

As the situation in the Middle East continues to unfold, investors will be watching closely for any signs of a resolution to the conflict. The Organization of the Petroleum Exporting Countries (OPEC) has called for calm and urged producers to maintain production levels, while the US government has promised to provide military support to its allies in the region. With the global economy already facing significant headwinds, the situation in the Middle East has the potential to become even more volatile in the coming weeks and months.