by Richard Garrett | Mar 24, 2026 | Economy
The United States is allowing Iranian oil shipments to pass through the Strait of Hormuz despite rising tensions in the region, according to Scott Bessent. The move comes as global oil markets face one of the biggest supply disruptions in recent history, driven by...
by Richard Garrett | Mar 23, 2026 | Economy
Oil prices moved higher as traders closely monitored disruptions to shipping routes through the Strait of Hormuz, a key passage that typically handles a large share of global crude supply. Brent crude climbed close to $100 per barrel, reflecting ongoing concerns about...
by Richard Garrett | Mar 23, 2026 | Economy
Rising oil prices tied to the conflict involving Iran are reshaping expectations for interest rate decisions as officials at the Federal Reserve prepare for their latest policy meeting. Economists say the surge in energy costs is likely to keep interest rates...
by Richard Garrett | Mar 20, 2026 | Economy
Oil prices declined as the United States increased pressure on allies to help secure shipping routes through the Strait of Hormuz, a critical passage for global energy supplies. The pullback comes after weeks of sharp gains driven by the conflict involving Iran, which...
by Richard Garrett | Mar 20, 2026 | Economy
Economic growth in the United States slowed sharply at the end of 2025 while inflation remained elevated entering the new year, according to updated government data. The revised figures from the Bureau of Economic Analysis showed that gross domestic product increased...
by Richard Garrett | Mar 20, 2026 | Economy
Inflation in the United States remained largely stable in February, according to the latest government data, providing a snapshot of price trends before rising oil prices linked to the conflict involving Iran began reshaping the outlook. The Consumer Price Index...
