Emerging Currencies See Worst Day Since 2024 on Middle East Risk

An index tracking emerging-market currencies closed for its worst session since November 2024 as the dollar jumped and traders dumped risk assets amid risks of a prolonged military conflict in the Middle East. An MSCI total return gauge of developing nation currencies...

Surging Gasoline Prices Create New Political Woes for Trump

Gasoline and diesel futures surged on the first day of trading after the US and Israel launched attacks on Iran, threating to blot out one of the biggest bright spots of President Donald Trump’s energy agenda. Gasoline futures jumped as much as 9% Monday as the flow...

Iran’s Missile Math: $20,000 Drones Take on $4 Million Patriots

Which side runs out of munitions first could determine the outcome of the war.  Just three days into the conflict, the Iran war has become attritional. Waves of drone attacks by the Islamic Republic are putting pressure on the defenses of the US and its partners from...