Economy

Oil Red Alert: Ten of 12 Postwar Recessions Were Preceded by Price Spike

The sharp and sustained rise in the price of oil during the war with Iran is a major warning for the United States economy.

Gas prices: Three consecutive days of decreases at the pumps

The national average price for regular gas held steady on Monday at $4.125 per gallon for the second day in a row. It comes after three consecutive days of decreases following last week’s announcement of the two-week ceasefire between the United States and Iran. On Friday, the first day in weeks in which gas prices declined, the cost for a gallon of regular gas dropped to $4.153. On Thursday, the national average price for regular gas was $4.16 per gallon.

Hormuz blockade could deepen world’s worst energy crisis

The U.S. naval blockade of the Strait of Hormuz threatens to halt more tanker traffic, sending oil surging and risks drawing China into a widening confrontation with Washington.

From panic to pricing in: Are markets past 'peak fear and sell-off' despite oil price surge?

Investors appear to have already priced in much of the geopolitical risks and are growing less reactive to headlines.

European markets close lower as U.S. blockade of Strait of Hormuz begins

European stocks started the new trading week on a somber note as global traders assess developments in the Middle East.

Why pressure is mounting at oil giant BP ahead of its annual general meeting

Oil giant BP is bracing for a possible shareholder revolt at its upcoming annual general meeting.

Goldman Sachs tops estimates on record equities trading

Goldman Sachs posted record equities trading revenue for the first quarter, helping propel the overall firm to its second-highest quarterly revenue.

Oil Prices Near $100 as U.S. Navy Blockades Iran's Ports After Peace Talks Fail

The blockade took effect Monday at 10 a.m. ET. U.S. Central Command said it will not impede vessels transiting to and from non-Iranian ports.

Why the stock market has stayed resilient despite the Iran war and software stock rout

In his Sunday column, Jim Cramer explored key battleground issues for the stock market such as the Iran war and software sell-off.

Irish police clear Dublin blockade staged by fuel price protesters

Hundreds of officers deployed to regain control of O’Connell Street on sixth day of protests by farmers and hauliers

Saudi Arabia's Most Critical Pipeline Restored After Drone Attack

Iranian attack on the pipeline last week came on the same day the U.S. and Israel agreed to a two-week ceasefire

Interest in EVs surges in Europe as fuel prices jump after Iran war

Demand at online marketplaces could settle at a new, higher normal, with the crisis leaving consumers ‘scarred’