Iran sends millions of barrels to China through Strait of Hormuz even as war chokes the waterway
Iran has continued to ship crude oil via the Strait of Hormuz to China even as the war between U.S.-Israel and Iran has disrupted broader energy supplies via the waterway.
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Report: US Used $5.6B in First 2 Days in War in Iran
In a report provided to U.S. congressional committees, President Donald Trump's administration said it used $5.6 billion in munitions during the first two days of strikes against Iran, a source familiar with the information said Tuesday.
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Kevin Warsh faces an economic 'perfect storm' as he waits to take over as Fed chair
Warsh faces a potential buzzsaw in the form of a Hobson's choice between fighting inflation and supporting the labor market.
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Oil Slides to $77 as Markets Cool
Oil prices tumbled Tuesday, falling to around $77 per barrel during afternoon trading as markets pulled back from the sharp war-driven surge that pushed crude above $100 earlier in the week.
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Gas prices pass $3.50 per gallon to highest level since 2024 amid U.S.-Iran war
Prices are up 21% from a month ago with the oil market roiled by the U.S.-Iran war.
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Home Buyers Rush Back as Mortgage Rates Fall
Sales of previously occupied U.S. homes bounced back in February as home shoppers took advantage of easing mortgage rates and a modest increase in properties on the market heading into the spring homebuying season.
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