A Malaysia-based maker of condoms said it may raise its prices due to global supply chain disruptions caused by the Iran war, according to media interviews with the company’s chief executive. Karex CEO Goh Miah Kiat told Reuters on Tuesday that the manufacturer faces a shortage of synthetic rubber, while the company’s input costs for … Read more
It might be hard to imagine the Iran war weighing on stuffed toys with names like Snuggle Glove, Bizzikins and Wobblies, but even plush playthings aren’t immune when oil shipments from the Middle East are constrained. Like many soft toys, the creatures developed by a manufacturer in Fort Lauderdale, Florida, are made with polyester and … Read more
TOKYO — Shares were mixed in Asia on Wednesday as markets waited to see if the United States and Iran may resume talks to end their war. The price of Brent crude edged 1 cent higher to $98.51 a barrel. U.S. benchmark crude fell 0.4% to $89.29 a barrel. Lower oil prices help bring down … Read more
65% of Americans blame Trump for high gas prices, poll finds – CBS News Watch CBS News A new Quinnipac poll shows a large majority of Americans are blaming President Trump for rising gas prices. Political strategists Chuck Rocha and Erin Maguire join with analysis. Source link
Amazon used its market leverage to get companies such as Walmart to increase prices on their websites so the e-commerce giant would not be undercut by its competitors, according to a filing unsealed Monday in an ongoing lawsuit by California’s attorney general. Attorney General Rob Bonta sued Amazon in San Francisco Superior Court in 2022 … 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
Energy Secretary Chris Wright said Sunday that gas prices pumped up by the war may not drop below $3 per gallon until next year. Nearly two months into the war, a gallon of regular averages $4.05 and diesel prices average $5.61 a gallon. Lana Zak spoke with farmers in Iowa about how they’re dealing with … 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
Drought in the contiguous United States has reached record levels for this time of year, weather data shows. Meteorologists said it’s a bad sign for the upcoming wildfire season, food prices and western water issues. More than 61% of the Lower 48 states is in moderate to exceptional drought – including 97% of the Southeast … Read more
With word of the Strait of Hormuz reopening, the stock market soared on Friday. Oil prices dropped about 10%, and as a result, gas prices ticked downward. Kelly O’Grady breaks it all down. Source link