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  • Citigroup Warns New Risks Amid Diminished Oil Threat to Global Economy
    June 26, 2026, 9:24 AM EDT. Citigroup economists suggest oil price shocks may no longer threaten the global economy as before. However, they highlight a potential new risk from El Niño - a climate pattern causing warming in the Pacific Ocean that can disrupt agriculture, infrastructure, and productivity worldwide. El Niño's impacts could pose challenges to economic stability going forward, emphasizing the need for vigilance beyond traditional commodity shocks. This shift underlines evolving risks in a complex global economic landscape.

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