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Jenny Kane/APPrices of Brent crude oil, the international benchmark, have surged past $100 a barrel, as traffic is nearly halted through the Strait of Hormuz, off Iran, which carries about 20% of the world's oil and liquified natural gas. -
War chokes the Strait of Hormuz, leaving hundreds of oil tankers and container ships stranded and raising alarms of a looming global energy shock and food shortages across the Gulf and beyond.
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Gas prices are climbing again, and the newest jobs report shows the labor market is losing momentum.
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The job market showed further signs of weakness last month as employers cut 92,000 jobs. The unemployment rate inched up to 4.4%, from 4.3% in January. -
The Strait of Hormuz could become a pinch point in the conflict that could disrupt energy markets, but also see surges in prices of other products, such as plastics.
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When the Supreme Court struck down many of President Trump's tariffs, it left importers wondering how long they'd have to wait to get their money back. Hedge funds are offering to help out. -
Oil prices are up and stock prices are down, as financial markets react to the U.S. war with Iran.
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The U.S. war with Iran is rattling energy and financial markets. Gasoline prices jumped overnight while stock prices tumbled.
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The grandson of the Reese's Peanut Butter Cups creator has launched a campaign against The Hershey Company, which owns the Reese's brand. He wants them to stop skimping on ingredients. -
The war in Iran could affect oil and gas prices in the U.S.
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Food prices remain a source of anxiety for Americans. -
The high prices came as U.S. and Israeli attacks on Iran and retaliatory strikes against Israel and U.S. military installations around the Gulf sent disruptions through the global energy supply chain.
