Government bonds around the world sold off sharply Friday as the price of oil jumped, both driven by an array of geopolitical developments in the Iran war, politics and trade. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The yield on a 30-year U.S. Treasury bond rose above … Read more
NEWYou can now listen to Fox News articles! Home foreclosures in the U.S. are up 26% from last year as inflation rates and rising costs are catching up with homeowners. Indiana was hit hardest and logged one foreclosure filing for every 739 housing units in the first quarter of 2026, according to findings from property … Read more
The Consumer Price Index is widely expected to show inflation has risen to a nearly three-year high when April’s data is released Tuesday morning. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The Iran war’s wide-ranging economic fallout has caused prices to spike, and economists and analysts project … Read more
The price of oil plunged and markets surged early Wednesday after a new report that the U.S. believed it was nearing a deal to end the war with Iran and eventually reopen the Strait of Hormuz. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Officials in Washington and … Read more
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The national average gas price rose to a fresh wartime high of $4.39 per gallon in its biggest one-day jump since a ceasefire with Iran was announced on April 7. It was also the biggest one day jump since early March. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive … Read more
The average cost for a gallon of gasoline hit $4.18 on Tuesday, according to AAA, the highest level since the war in the Middle East began. Gasoline prices, which have risen by $1.20 a gallon since the war started on Feb. 28, climbed nearly 7 cents overnight, according to AAA. The latest increase follows a brief … Read more
Oil prices climbed more than 5% while world shares were mixed Monday as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz. The Persian Gulf waterway was closed again after Iran reversed a decision to reopen the strait and President Donald Trump said a U.S. Navy blockade of Iranian … Read more
The price of oil jumped sharply and stock futures tumbled Sunday evening as traders digested renewed tensions between the U.S. and Iran over the critical Strait of Hormuz. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. U.S. crude oil jumped more than 7%, to about $90 per barrel, … Read more
Neil Irwin, chief economic correspondent at Axios, joins CBS News 24/7 to break down the jump in oil prices after President Trump announced the U.S. would blockade Iranian ports in the Strait of Hormuz. Source link