More than half of the Middle East’s urea output may have been lost since the start of the Iran conflict, which is continuing to disrupt fertilizer flows from the region and threatening global food inflation. The effective closure of the Strait of Hormuz has choked...

Iran is rapidly running out of places to store crude oil, threatening to accelerate production cuts in what was once OPEC’s second-largest source, according to research firm Kpler. The Islamic Republic has enough unused storage capacity to last another 12 to 22 days,...

Asian nations face the prospect of prolonged strain on crucial energy supplies as the conflict in the Middle East grinds past the two-month mark, with the Strait of Hormuz still largely off-limits to shipping. Governments have already raided their policy toolkits by...

Investors in a Blue Owl Capital Inc. fund tendered less than 1% of shares to Boaz Weinstein’s Saba Capital Management and Cox Capital Partners, which had offered to buy them out at a steep discount, according to people familiar with the matter. The tender offer for...

The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows from its stocks and pays up to secure supply. Traders are now sounding the alarm that a harsh adjustment is coming. The longer the vital oil channel doesn’t reopen, traders say, the more...

There are lots of things that can move the stock market, from economic data, to Federal Reserve pronouncements, to corporate developments. But for the past 15 months, traders’ fortunes have been largely tethered to the whims of a single person: President Donald Trump....

One by one, high-conviction trades on Wall Street are falling out of favor. USO, the biggest US ETF tracking crude oil, is on pace for its steepest monthly outflow since 2009. SOXX, one of the largest semiconductor funds, is poised for its second-largest weekly...

Intel Corp. shares hit a record high after the chipmaker delivered a sales forecast that shattered Wall Street expectations, showing that it’s finally benefiting from a boom in AI spending. Revenue will be $13.8 billion to $14.8 billion in the June quarter, the...

US consumer sentiment fell in April from a month earlier to a record low, reflecting worries around the economic fallout from the Iran war. The University of Michigan’s final April sentiment index dropped to 49.8 this month from 53.3 in March. While that was slightly...

The arid Persian Gulf is hardly the world’s breadbasket. Yet the conflict in the region is sending shockwaves through the global food industry — from growers to packaging firms and distributors — with major implications for food security and living standards. The war...

Procter & Gamble Co. reported stronger-than-expected results for its latest quarter, but warned that rising oil prices caused by the war in the Middle East could lead to additional costs of $1 billion in its next fiscal year. Organic sales, which strip out items...

In the opening hours of the U.S.-Iran conflict this March, a swarm of Iranian drones, each costing between $20,000 and $50,000, destroyed billions of dollars worth of American radar installations across the Middle East in a single afternoon. Replacing that hardware...

European corn hit its highest level in six weeks as concerns grow that surging fertilizer prices — a result of the war in Iran — may see planting areas drop. The most active futures contract in Paris rose as much as 1.6%, a fifth consecutive day of gains, and was set...