The oil market might face a new reality after the Iran war in which exports through the Strait of Hormuz do not return to the levels once considered normal, as shipowners now have to weigh the risk that fighting could abruptly break out in the volatile Persian Gulf. And Western commercial ships will likely hesitate…
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…
Employees work on the production line of automotive display chips at a workshop on May 22, 2026 in Huzhou, Zhejiang Province of China. Vcg | Visual China Group | Getty Images BEIJING — China’s industrial profits surged by 24.7% in April from a year earlier, according to official data released Wednesday, despite broader signs of…
A few months ago David Navazio, founder and CEO of medical supply company Gentell, had never heard of the Strait of Hormuz. But now, the narrow waterway thousands of miles away from the company’s headquarters in Yardley, Pennsylvania, is impacting the company’s operations in more ways than one. Chief among them is price, with Gentell…
The stock market has been volatile due to rising Treasury yields and high oil prices amid tensions in the Middle East. Amid this uncertainty, dividend stocks can help investors secure consistent portfolio income. Top Wall Street analysts can inform investors on their search for attractive dividend stocks that have the ability to generate solid cash…
This photo taken on April 3, 2026 shows an exterior view of the U.S. Oracle tech corporation in Dubai, the United Arab Emirates. Iran’s Islamic Revolution Guard Corps IRGC said Thursday that it had hit a data center of the U.S. Oracle tech corporation based in Dubai, the United Arab Emirates. (Photo by Wen Xinnian/Xinhua…
A ship remains anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran. Negotiations between the U.S. and Iran over opening this critical waterway have largely stalled as the countries have rejected each other’s proposals to end the war that began when the U.S. and Israel attacked Iran on February 28….
Miodrag Ignjatovic | E+ | David Paul Morris | Bloomberg | Getty Images U.S. consumers will shell out more for everything from fuel to hot dogs and hamburgers heading into Memorial Day weekend as the Iran War reignites inflation. Total inflation for shoppers rose 3.8% in April from the same month a year ago, the…
U.S. drivers will pay gasoline prices near four-year highs when they fuel up for travel over the long Memorial Day weekend and should expect more pain at the pump this summer if the Strait of Hormuz does not reopen. The average gasoline price stood at $4.55 per gallon on Friday, an increase of more than…
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 The U.S. and Iran have signaled progress in talks to end the war, but the combatants remain at loggerheads over Tehran’s enriched…
