LONDON, March 16 (Reuters) - The body that advises the world’s central banks has urged policymakers not to overreact to the Iran crisis-driven spike in global energy prices, calling it a textbook case of when to "look through" a shock,

Energy prices may jump to all-time highs soon as the Iran war escalates without a ceasefire or a clear victory.

Refunds are almost 11% higher than the same point last year, the IRS said.

Energy prices are likely going to be a big focus at the Federal Reserve’s Open Market Committee meeting next week. That's because rising energy costs could push up inflation overall — or, they could slow economic growth.

Inflation in February was flat compared with January but doesn’t include the surge in oil prices that is pushing up consumer costs.

Panelists Paul Bledsoe and James Taylor agree that Congress should pass the Affordable, Reliable, Clean Energy Security Act of 2025 (H.R. 5765), introduced by Rep. Troy Balderson this week on "Get Real" with RCP's David Desrosiers.

Electricity costs vary widely across the United States, with households in some states paying more than three times as much as those in others.

A plan to strengthen California's climate program faces pushback as industry groups and some lawmakers warn the changes could drive up already-high energy costs.

Oil executives told officials in White House meetings that the closure of the Strait of Hormuz might push up oil prices further.