New fees, fewer flights: Higher fuel prices pinch consumer budgets beyond the gas pump
As corporate policies change, Americans will feel higher oil prices in their pocketbooks beyond the gas pump.
Read more …
US Consumer Sentiment Slips to 3-Month Low
U.S. consumer sentiment eased to a three-month low in March as war in the Middle East boosted oil prices and unleashed volatility on financial markets, raising concerns about the economy's prospects, a survey showed Friday.
Read more …
Russia: US Wrong to Tie Economic Conditions to Ukraine War
The Kremlin said on Friday that the United States is wrong to make economic cooperation with Russia conditional on a settlement of the war in Ukraine.
Read more …
Iran Threatens to Close Second Strait
Iran is escalating its pressure campaign against the United States and its allies by threatening to disrupt a second global shipping lane, raising concerns about energy security and the world economy as President Donald Trump seeks to end the conflict.
Read more …
Iran Charging $2 Million for Hormuz Passage Per Ship
Iran is moving to formalize a controversial system of charging up to $2 million per vessel for safe passage through the Strait of Hormuz, according to sources close to shipowners.
Read more …
Markets now see the Fed's next move as a potential rate hike as inflation fears mount
Traders in the futures market shifted the probability of a rate increase by the end of 2026 to 52% on Friday morning.
Read more …