The biggest release of emergency oil stockpiles in history was announced. Why crude may keep rising
Oil prices have surged more than 17% since the International Energy Agency announced the largest release of crude stockpiles in…
Economy
Iran threatens to retaliate against neighbors; Trump urges countries to assist in securing Strait of Hormuz
President Trump said in a Truth Social post that he directed U.S. Central Command to execute a bombing raid that…
Fertitta in weekend deal talks to acquire Caesars, while billionaire Carl Icahn waits in the wings
The deal, if it gets done, would not be finalized until early April and is not expected to close until…
How the Iran war could start to impact U.S. retail prices
The retail industry could soon be taking the next hit from the Iran war's disruption to the global supply chain.…
Pete Hegseth on Strait of Hormuz: ‘Don’t need to worry about it’
The Strait of Hormuz, the world's most critical chokepoint for oil shipments, has been effectively closed since the U.S. and…
Fourth-quarter GDP revised down to just 0.7% growth; January core inflation was 3.1%
The PCE price index for January was expected to show headline inflation at 2.9% and core at 3.1%. ...
Plans for record emergency oil release signal Middle East war could drag on for months
The degree to which the IEA acted is being interpreted that the conflict could continue for many weeks, said analysts.…
Trump administration launches Section 301 trade probes into Mexico, China, EU, others
The Supreme Court, in a 6-3 ruling, said President Trump was not authorized by the International Emergency Economic Powers Act,…
Brent crude hits $100 a barrel as reserve release plans fail to ease Iran war-led supply worries
The IEA said Wednesday that its 32 member countries would release 400 million barrels of oil from emergency reserves. ...