May 1, 2026 | Markets
America’s biggest oil companies are warning that global crude markets may be nearing an inflection point of higher prices the longer the Strait of Hormuz stays closed. Every day the waterway remains shut, the world is using up commercial stockpiles, strategic reserves...
May 1, 2026 | Markets
Aluminum gained, with traders seeing little prospect of an imminent opening of the Strait of Hormuz that would ease availability of the metal. The lightweight metal rose as much as 1.7% to $3,534 a ton on the London Metal Exchange, paring a weekly loss. Iran delivered...
Apr 30, 2026 | Markets
The Fed is about to get a new Chairman (economist Kevin Warsh), and the markets are naturally wondering if this means big changes in monetary policy. My take is that it obviously means lower interest rates and generally easier money, since that’s what an incoming Fed...
Apr 29, 2026 | Markets
The US economy is poised to become more reliant on spending by the government and businesses for growth in 2026 as inflation driven by the Iran war hits consumers. A report Thursday is expected to show that dynamic was already developing in the first three months of...
Apr 29, 2026 | Markets
Oil surged to the highest since June 2022, with no end in sight to the US-Iran conflict or choked-off energy flows through the Strait of Hormuz, heightening concerns over a rapidly shrinking global supply cushion. Brent, the global benchmark, rose more than 7% to...
Apr 29, 2026 | Markets
The extended closure of the Strait of Hormuz and extreme weather have jolted farm commodities prices to a two-year high, as fertilizer headaches and the prospect of smaller harvests drive food inflation risks. The Bloomberg Agriculture Spot Index, which tracks 10 of...
