Economy

Iran War Causing Largest Disruption of Oil in History, IEA Says

The nearly two-week-long war in the Middle East has created the “largest supply disruption” in the history of global oil markets, the International Energy Agency said, as production from Gulf countries has been slashed and exports through the Strait of Hormuz have been halted.

“Everyone is chasing dreams”: as wages soar will EFL lose appeal for foreign investors?

The Gillingham owner, Brad Galinson, issues warning and wants to find a fix as costs spiral amid ‘the Wrexham effect’

The two oil pipelines helping Saudi Arabia and UAE bypass the Strait of Hormuz

Saudi Arabia’s East-West pipeline and the UAE's Abu Dhabi Crude Oil Pipeline are thought to be able to help partially offset the Strait of Hormuz blockage.

Will Iran war-linked leap in gas prices boost EV sales?

Updated on: March 12, 2026 / 8:07 AM EDT / CBS/AP

As pennies begin to disappear, states grappling with "rounding" problem for cash purchases

Months after the last of the United States' one-cent coins were pressed, some states are beginning to offer their own two cents on the penny problem by setting rounding guidance for cash purchases.

Energy Secretary Wright says U.S. 'not ready' to escort oil tankers through Strait of Hormuz yet

Tanker traffic through the strait remains at a standstill as ship owners fear attacks by Iran. The closure has triggered the largest oil supply disruption ever.

Here's why the Strait of Hormuz is vital

The Strait of Hormuz has been thrust into the center of the U.S-Israeli war with Iran, as the nearly two-week-long conflict has threatened significant levels of global shipping of oil and gas, disrupting energy markets worldwide.

India’s consumer inflation rises to 3.21% in February as oil risks loom

India's inflation for February is within central bank's comfort level range but policy action is unlikely due to rising global energy prices

Why Gold Hasn’t Moved Since the Iran Conflict

Though the war in Iran has continued for almost two weeks, the price of the yellow metal has barely moved.

A simple step toward affordability: Repeal DC’s individual mandate

Our nation’s capital is one of the most expensive places in the country to live, especially for entry-level workers. A legislative staffer or policy analyst in their late 20s earns roughly $58,000 a year, yet median rents in the district routinely exceed $2,300 per month — nearly half their income. Add in the rising cost of groceries, tens of thousands of dollars in student loans, and the professional expectations of life in Washington, and there is little room left in the budget.

'Please, please, please': Denmark urges citizens to avoid driving as oil prices spike

Denmark's energy minister called on citizens to reduce their energy use amid the ongoing Middle East conflict.

Elon Musk’s Tesla given go-ahead to supply electricity in Great Britain

Ofgem licence means firm can replicate Texas setup of powering homes, businesses and EVs