Gas prices surge, pinching Americans and handing the GOP a new midterm headache

NEWYou can now listen to Fox News articles! President Donald Trump, who rode promises of affordability back to the White House, is now confronting Iran-driven volatility that’s undermining that message as fuel costs rise nationwide — and putting fresh pressure on Republicans heading into the midterms. With the Iran conflict rattling oil markets and raising … Read more

Calm returns to Wall Street as oil prices retreat below $90 per barrel

Trading steadied early Tuesday and crude prices eased after wild swings this week with investors trying to figure out how long the war with Iran will continue. Futures for the Dow Jones Industrial Average rose 0.2% before the opening bell, while S&P 500 futures inched up 0.1%. Futures for the Nasdaq were up 0.2%. On … Read more

How the Strait of Hormuz impacts oil prices amid the conflict in the Middle East

How the Strait of Hormuz impacts oil prices amid the conflict in the Middle East – CBS News Watch CBS News About 20% of the world’s oil goes through the Strait of Hormuz, which is a crucial waterway south of Iran. Kelly O’Grady explains how it impacts the oil market worldwide. Source link

Oil prices sink, stocks jump in dramatic reversal

The White House said it was also “in constant coordination with the relevant agencies on this important issue.” “President Trump and his entire energy team have had a strong game plan to keep the energy markets stable well before Operation Epic Fury began, and they will continue to review all credible options,” White House spokeswoman … Read more

Gas prices surge as oil tops $100 a barrel. Here’s how much Americans are paying.

Gasoline prices in the U.S. continued climbing on Monday after the U.S.-Israeli war with Iran pushed oil prices above $100 per barrel, the highest since 2022. The average national cost of gas is now $3.48 per gallon, up 48 cents since last week and 58 cents from a month ago, according to data from AAA. That remains … Read more

Stocks slump as Iran war sends oil prices surging above $100 a barrel

U.S. stocks tumbled in early trading on Monday after oil prices topped $100 a barrel over the weekend and the war in Iran showed no signs of abating. The S&P 500 slid 88 points, or 1.3%, to 6,652 in early trading, while the Dow Jones Industrial Average plunged 632 points, or 1.3%, to 46,870. The … Read more

War with Iran has the potential to disrupt more than just gas prices

IE 11 is not supported. For an optimal experience visit our site on another browser. Seventh American service member dies amid U.S. war with Iran 03:02 Chaotic incident at Kansas City airport as officials warn about travel disruptions 01:55 Police search for perpetrators after explosion damages entrance of U.S. Embassy in Oslo 00:49 NBC News … Read more