Rep. Ritchie Torres calls for probe into futures trades placed ahead March pause on Iran hostilities
[ad_1] U.S. Rep. Ritchie Torres, a Democrat from New York, during an interview in New York, Jan. 28, 2025. Victor J. Blue | Bloomberg | Getty Images Rep. Ritchie Torres, D-N.Y., on Wednesday called for a federal probe into suspicious trading activity in oil and equity futures markets just before President Donald Trump’s announcement of […]
A fragile U.S.-Iran ceasefire sparks market relief — but no clear path to lasting peace
[ad_1] WASHINGTON, DC – APRIL 06: U.S. President Donald Trump speaks alongside Central Intelligence Agency Director John Ratcliffe (L) and U.S. Secretary of War Pete Hegseth (R) during a news conference in James S. Brady Press Briefing Room of the White House on April 06, 2026 in Washington, DC. Alex Wong | Getty Images News […]
Jet fuel supply concerns grow as war with Iran drags on, airlines cut flights
[ad_1] A Lufthansa passenger aircraft is parked at a gate while a SASCA fuel truck services it on the apron at Toulouse Blagnac Airport in Blagnac in Occitanie in France on March 15, 2026. Isabelle Souriment | AFP | Getty Images The surging price of jet fuel isn’t the airline industry’s only problem. Now, it’s […]
Oil prices rise as Trump reaffirms Tuesday deadline for bombarding Iran’s power plants, bridges
[ad_1] A drone view of oil storage containers and facilities of the TotalEnergies refinery in the Leuna Chemical Complex, in Leuna, Germany, March 17, 2026. Annegret Hilse | Reuters Oil prices edged higher after U.S. President Donald Trump doubled down on his threats to attack Iran’s civil infrastructure, warning that the nation will be “taken out in […]
Iran’s war propaganda homes in on Trump with Lego memes
[ad_1] Young Iranian women walk past a state building covered with a giant anti-U.S. billboard depicting a symbolic image of the destroyed USS Abraham Lincoln aircraft carrier, in downtown Tehran, Iran, on Feb. 26, 2026, the final day of Iran-U.S. talks that take place in Geneva. Morteza Nikoubazl | Nurphoto | Getty Images Wartime propaganda […]
Why $4 a gallon gas prices won’t trigger Fed interest rate hikes — and could lead to cuts
[ad_1] Gas prices are displayed at a Mobil gas station on March 30, 2026 in Pasadena, California. Mario Tama | Getty Images Gasoline prices over $4 a gallon, part of an ongoing supply shock in the energy markets, might seem like a cue for the Federal Reserve to raise interest rates to head off inflation. […]
Trump says U.S. will destroy Iran’s oil wells, Kharg Island without deal to ‘immediately’ reopen Hormuz Strait
[ad_1] Satellite view of Kharg Island, located in the Persian Gulf off the coast of Iran. Gallo Images | Gallo Images | Getty Images U.S. President Donald Trump said Monday that the U.S. will “completely” obliterate Iran’s electric generating plants, oil wells and Kharg Island if the strategically vital Strait of Hormuz is not “immediately” […]
Analysis: A new oil shock is building. The next few weeks of war will be decisive for the economy.
[ad_1] The clock is ticking on the U.S.-Israeli war in Iran. The emerging view from oil industry executives and analysts is that the economic and market fallout from the war could escalate sharply if the Strait of Hormuz isn’t reopened within roughly the next one to three weeks. Even then, enough damage may have been done […]
The S&P 500 could join other U.S. benchmarks in a correction next week. Here’s what’s ahead
[ad_1] The S & P 500 could soon join the other U.S. benchmarks in a correction as the Iran war stretches into a fifth week. Stocks are quickly deteriorating, with each of the major averages on pace to post an ugly month of losses as hopes for a quick resolution to the Middle East conflict […]
Trump tells CNBC ‘we are very intent on making a deal’ with Iran
[ad_1] President Donald Trump said in a Truth Social post Monday that, following talks with Iranian authorities, he ordered the U.S. military to postpone strikes on Iran’s power plants and energy infrastructure for five days. He told CNBC’s Joe Kernen in a phone call shortly after the post that “we are very intent on making […]