Crude futures climbed higher Friday as the Strait of Hormuz remained closed, but analysts were wary the weekend might bring surprise changes in the status of the war two weeks after it started.
Read more …
Iran Weaponizes Oil Markets Against US Firepower
Long before the U.S. and Israel attacked Iran, the Islamic Republic had devised its own weapon: holding the world's main oil lifeline hostage to offset its foes' military superiority, three regional sources familiar with Iranian planning said.
Read more …
California Gas Hits $5.42 as Iran War Stresses Refiners
Fuel costs in California are soaring even more than in the rest of the U.S. due to several unique factors, with fallout from the war in Iran forecast to push pump prices in the state to $10 a gallon and jet fuel prices jumping 47% in just two weeks.California's mandated...
Read more …
Senate Passes Bipartisan Housing Bill to Improve Access, Affordability
The Senate passed a broad bill on Thursday to make U.S. housing more accessible and affordable, a rare bipartisan effort in Congress to address a growing national problem.
Read more …
US Job Openings Climb to 7 Million
U.S. job openings rose to nearly 7 million in January, better than expected at a time when the American labor market has looked sluggish.The 6.95 million job postings in January were up from 6.55 million in December, the Labor Department said Friday.
Read more …
Trump Demands Powell Cut Rates as Iran War Sends Energy Prices Soaring
As war tensions with Iran send oil prices surging past $100 a barrel, President Donald Trump renewed his long-running feud with Federal Reserve Chair Jerome Powell - demanding the central bank slash interest rates immediately to counter rising costs.
Read more …