Higher Oil Prices Could Put the Fed in a Bind as Labor Market Softens
Investors now expect that the Fed will delay a rate cut until September instead of July, as they had before the war in Iran began.
Investors now expect that the Fed will delay a rate cut until September instead of July, as they had before the war in Iran began.
The Gulf conflict has led to higher fuel prices, and the cost of operating a plane has sharply increased. For travelers, that likely means higher fares.
The price of jet fuel and diesel has surged since the war in Iran began, which could force airlines and trucking companies to pass on higher costs to their customers.
The president said the U.S. could accompany tankers through the Strait of Hormuz if necessary to keep oil flowing. “We’ve already won in many ways, but we haven’t won enough,” he said.
Oil prices and stocks initially swung wildly, and Iran’s foreign minister promised “surprises,” calling the strikes against his country “Operation Epic Mistake.”
Oil prices and stocks initially swung wildly, and Iran’s foreign minister promised “surprises,” calling the strikes against his country “Operation Epic Mistake.”
Finance ministers for the seven industrialized countries met on Monday and said they would consider releasing oil from reserves but were not ready to do so now.
The opening days of the conflict are challenging the idea that President Trump can project force abroad while safeguarding American lives and the economy.
Prices for liquefied natural gas have shot up in recent days, which could bring bigger profits for European and U.S. energy companies.
Markets in Europe and the United States appeared to stabilize after days of turmoil, but stocks in Asia fell sharply.