Oil tanker traffic through the Strait of Hormuz has slowed after Iranian attacks on three commercial ships this week pushed the Persian Gulf to the brink of a renewed war. Thirteen tankers crossed Hormuz on Wednesday compared with an average of 33 per day over the previous week, said Matt Smith, director of commodity research…
Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo on Thursday reported mixed quarterly results as the struggles of its North American food and beverage divisions offset strong international demand. “Results were tempered in the quarter as U.S. food and beverage category performance moderated with…
U.S. President Donald Trump speaks to members of the press aboard the new Air Force One on July 8, 2026. Win Mcnamee | Getty Images U.S. President Donald Trump said Wednesday evening that he does not know whether Washington and Iran are returning to a full-fledged war, but told reporters that Iran “badly” wants to…
Fire at Omsk oil refinery as the region’s governor says the province came under attack from Ukrainian drones, in Omsk, Russia July 6, 2026, in this picture obtained from a social media video. Reuters Ukraine’s drone attacks have been dominating headlines about its war with Russia — and upended NATO’s investment thesis. Having boosted drone…
TEHRAN, IRAN – MARCH 10: Smoke rises among the residential buildings following an Israeli attack on Tehran, Iran on March 10, 2025. Israeli army’s announcement of a new wave of attacks on Tehran. (Photo by Fatemeh Bahrami/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images Oil rose Thursday, after fresh strikes on Iran by…
A container ship is berthed at the container terminal in Qingdao, China’s eastern Shandong province on June 25, 2026. – | Afp | Getty Images China’s consumer prices grew slower than expected in June, while wholesale inflation accelerated, as elevated energy costs continued to sap domestic demand. Consumer prices rose 1% in June from a…
U.S. forces launched another round of strikes against Iran in response to Tehran attacking commercial ships in or near the Strait of Hormuz, U.S. Central Command said Wednesday afternoon. “The United States is holding Iran accountable for recent unjustified aggression against commercial shipping and civilian crews freely navigating a vital international waterway,” CENTCOM said in…
Tesla EVs recharge at a Tesla Supercharger station on July 2, 2026 in South Pasadena, California. Mario Tama | Getty Images DETROIT – The Iran war and high U.S. gas prices are causing a surge in demand for used all-electric vehicles, which is making the pre-owned vehicles more expensive, according to Cox Automotive. The company…
Divided Federal Reserve officials indicated at their last meeting that they will address persistent inflation this year with one interest rate hike. History, though, suggests that policymakers will have a hard time stopping there. In fact, there have been few instances over the past 35 years or so when the Fed has only made one…
President Donald Trump has slammed Spain for not contributing enough to NATO, as the defense alliance battles mounting frictions among allies. “Spain is a terrible partner in NATO. They don’t participate. They don’t pay. I don’t want anything to do with Spain. Cut off all trade with Spain, please, including visits,” he said at a…
