Most Fed officials see no compelling reason to rush additional rate cuts, given inflation is still elevated and the labor market seems to be stabilizing. Several policymakers have also voiced skepticism over the ideas underpinning Warsh’s vision for lowe

Global benchmark Brent rose above $80 a barrel, after spiking about 7% on Monday, while West Texas Intermediate was near $73. President Donald Trump said the US would do “whatever it takes,” and Secretary of State Marco Rubio told reporters the military

The war in the Middle East has propelled oil and LNG tanker freight rates to record highs, disrupting traffic in the vital Strait of Hormuz and causing global shipping and gas market volatility.

The United States is set to unveil a phased plan, led by the Energy and Treasury Secretaries, to mitigate a sudden oil price spike and the resulting surge in US gasoline and diesel prices following military strikes in Iran.

A lengthier campaign risks sabotaging the euro zone’s fledgling revival while reawakening inflationary forces that the European Central Bank has fought hard to contain. A reliance on oil and gas from the region makes the bloc the “most exposed major econ

A sell-off for stocks is slamming Wall Street after careening from Europe and Asia, and oil prices are leaping even higher as rise that the war with Iran is widening and may do more sustained damage to the economy than feared. Crude oil prices jumped mor

A worldwide sell-off for stocks is slamming onto Wall Street Tuesday, and oil prices are leaping even higher as worries rise that the war with Iran is widening and may do more sustained damage to the global economy than feared. It was just a day ago that

The U.S. and Israeli attacks on Iran add yet more question marks around a U.S. economy already buffeted by on-and-off tariffs, weak hiring, and lingering inflationary pressures. The war has already raised oil prices and could lift prices at the pump as e

As a heavy fuel importer, Pakistan could see its current account deficit widen by $1.5–$2 billion for every $10 oil increase.

Brazil, already South America's largest economy, is on track to become a top four global oil producer following massive pre-salt discoveries, joining OPEC+ in 2025, and seeing a surge in investment from both Petrobras and foreign energy companies.

The Iran war is renewing concerns about the strategically vital Strait of Hormuz. A prolonged closure could sharply drive up oil prices, experts said.

\\

Oil prices settled at their highest levels since June on Monday, as the conflict in the Middle East brings with it an inherent risk to the world’s available crude supplies.

Crude prices jumped 6% March 2, but they have risen 25% since the beginning of the year as tensions with Iran have escalated.

U.S. gas prices rose 40% as a result of the 1973 oil shock, and prices at the pump are threatening to increase again as a result of the U.S. and Israeli strike on Iran.