Economy

How Strait of Hormuz Closure Can Become Tipping Point for Global Economy

A Strait of Hormuz closure due to U.S.-Iran war hit the oil market hard, but sectors reliant on shipping across economy from metals to farming are vulnerable.

One Global Strategist Sees a Market Correction Resulting from Iran War Fallout. Where to Hide

A variety of risks in an equity market near all-time highs make it difficult to decide where to go.

‘I took two bites and had to spit it out’: candy makers are phasing out real cocoa in chocolate

Due to the volatile cocoa market, companies like Hershey are using replacement ingredients such as sugar, oil, milk and nuts

Can a debt collector garnish your entire bank account?

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Buy the dip and hedge risk on this energy services stock, using options

Tony Zhang breaks down this cash-secured put strategy.

IEA orders largest ever release of stockpiled oil to reduce crude price

Members agree unanimously to release about 400m barrels amid market volatility caused by Iran war

Inflation held steady in February before Iran war drove up gas prices, CPI report shows

Updated on: March 11, 2026 / 10:17 AM EDT / CBS News

IEA announces record release of oil to counter war price hikes

The International Energy Agency announced the release of 400 million barrels from strategic oil reserves to curb prices driven up by the war in Iran.

IEA agrees to release record 400 million barrels of oil to address Iran war supply disruption

The move comes as the Iran war continues to choke off traffic through the strategically vital Strait of Hormuz.

What are today's mortgage interest rates: March 11, 2026?

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Porsche to cut more jobs after costly reversal of electric car strategy

German carmaker has struggled with rising competition in China, a key market for European luxury brands

Black women were disproportionately impacted by DOGE cuts. A year later, they're rebuilding careers for themselves and each other

Black women make up 12% of the federal workforce and experienced the largest federal employment losses between 2024 and 2025.