Oil edged lower in relatively light trading before highly-anticipated talks between Iran and the US, negotiations that will dictate the path ahead for their fragile truce. West Texas Intermediate fell 1.3% to settle below $97 a barrel, with futures down about 13.4%...

US inflation surged in March by the most in nearly four years as the war with Iran sent gasoline prices skyrocketing. The consumer price index rose 0.9% from February, according to data out Friday. From a year ago, it was up 3.3%, the strongest pace since 2024. A...

U.S. consumer sentiment fell to a record low in early April as inflation concerns tied to the Iran conflict intensified, while new data showed a sharp rise in consumer prices driven largely by gasoline costs. The University of Michigan’s preliminary sentiment index...

Pawn shop owners across the US say they’ve seen an increase in demand for loans in the past month or so, a sign of just how punishing higher gas prices are for some Americans. “We’re making a lot more loans,” said Tim Cassidy, the fourth generation in his family to...

Saudi Arabia’s oil exports via the Red Sea are holding steady for now, as the impact of a drone attack on its vital cross-country pipeline has yet to filter through. The strike on Wednesday — hours after a ceasefire was declared in the Iran war — damaged one of 11...

Investors should flock into commodities for the next few years as they benefit from global geopolitical and macroeconomic turmoil, according to Bank of America’s Michael Hartnett. Stocks would be replaced by commodities as the biggest winners of the “anything but...