Mexico

Oil and unrest in Zimbabwe, Mexico

World oil prices remain depressed despite an uptick this month, driven by the Venezuela crisis and fear of US-China trade war. Yet this month also saw Zimbabwe explode into angry protests over fuel prices. The unrest was sparked when the government doubled prices, in an effort to crack down on “rampant” illegal trading. Simultaneously, long lines at gas stations are reported across Mexico—again due to a crackdown on illegal petrol trafficking. Despite all the talk in recent years about how low oil prices are now permanent (mirrored, of course, in the similar talk 10 years ago about how high prices were permanent), the crises in Zimbabwe and Mexico may be harbingers of a coming global shock. (Photo via Amnesty International)

Mexico

‘Gasolinazo’ protests rock Mexico

Several states across Mexico have been shaken by days of angry protests in response to a jump in the price of gasoline sparked by a new deregulation policy.

Mexico
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World oil prices remain depressed despite an uptick this month, driven by the Venezuela crisis and fear of US-China trade war. Yet this month also saw Zimbabwe explode into angry protests over fuel prices. The unrest was sparked when the government doubled prices, in an effort to crack down on "rampant" illegal trading. Simultaneously, long lines at gas stations are reported across Mexico—again due to a crackdown on illegal petrol trafficking. Despite all the talk in recent years about how low oil prices are now permanent (mirrored, of course, in the similar talk 10 years ago about how high prices were permanent), the crises in Zimbabwe and Mexico may be harbingers of a coming global shock. (Photo via Amnesty International)