A screen displays share prices inside the Kabuto One building in Tokyo, Japan, on Monday, April 13, 2026. Oil surged and stocks fell after President Donald Trump ordered a blockade of the Strait of Hormuz, escalating tensions with Iran following the collapse of weekend peace talks. Photographer: Kiyoshi Ota/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty…
In an aerial view, a Valero refinery is seen on May 5, 2026 in Corpus Christi, Texas. Brandon Bell | Getty Images Oil prices rose on Thursday after fresh U.S. strikes in Iran renewed concerns over disruptions to commercial shipping through the Strait of Hormuz. Brent crude futures, the international benchmark, gained over 3% to $97.29 per…
Kuwaitis gather at an exhibition of military equipment as they celebrate the country’s 61st Independence Day and the 31st anniversary of the end of the Gulf war with the liberation of Kuwait from Iraqi occupation, in Kuwait City, on February 25, 2022. (Photo by Yasser Al-Zayyat / AFP) (Photo by YASSER AL-ZAYYAT/AFP via Getty Images)…
Austan Goolsbee, president of the Federal Reserve Bank of Chicago, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California, on May 6, 2026. Patrick T. Fallon | AFP | Getty Images Energy inflation tied to the war in Iran has lasted longer than expected, creating a “stagflationary…
Vessels in the Strait of Hormuz near Bandar Abbas, Iran, May 4, 2026. Amirhosein Khorgooi | ISNA | WANA | Via Reuters Iran thinks it can get the Strait of Hormuz to its prewar status within one month of a peace deal with the U.S. Traders on prediction market platform Kalshi are more skeptical. They…
U.S. President Donald Trump speaks during a cabinet meeting in the Cabinet Room at the White House, in Washington, D.C., U.S., May 27, 2026. Evan Vucci | Reuters President Donald Trump on Wednesday poured cold water on the prospect of Iran transferring its store of highly enriched uranium to Russia or China as part of…
Rep. Brian Fitzpatrick, R-Pa., talks with a reporter in the U.S. Capitol’s Statuary Hall on Friday, March 27, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images Republicans have said for months that inflation is former President Joe Biden‘s problem. Now, they’re staring down the barrel of an inflation crisis of their own making…
A man walks past a banner depicting Iran’s current supreme leader Ayatollah Mojtaba Khamenei along a street Tehran on May 6, 2026. AFP | Getty Images U.S. crude oil prices fell about 6% Wednesday on a report Iran would restore traffic through the Strait of Hormuz as part of a framework deal with the U.S….
SK Hynix Inc. 12-layer HBM3E memory chips, front, and a LPDDR5X CAMM2 memory module arranged at the company’s office in Seongnam, South Korea, on Tuesday, April 22, 2025. SeongJoon Cho | Bloomberg | Getty Images Hello, this is Leonie Kidd writing to you from London. Welcome to today’s edition of the Daily Open newsletter. The…
An Iranian flag flutters in the wind as ships remain anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran. Majid Saeedi | Getty Images News | Getty Images LONDON — European stocks are expected to open in mixed territory on Wednesday as regional investors assess the latest military operations against…
