Secretary of State Marco Rubio, touring Gulf nations in an effort to reassure U.S. allies over the deal, said Thursday the waters of the Strait of Hormuz “do not belong to any station state.” But Iran’s navy blasted the route laid out by the International Maritime Organization (IMO), a U.N. agency that oversees shipping at … Read more
Updated 8m ago Oil prices near pre-war level Brent crude, the international standard, fell 3.8% to $73.87 a barrel. It has been trading below $80 in recent days but is still above the roughly $70 per barrel it was trading at in late February before the war began. U.S. crude prices fell 3.9% to … Read more
A closely watched inflation report is set to reveal how much price growth picked up in May — and whether many American consumers remain mired in an affordability crunch. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. Wall Street forecasters expected the pace of personal consumption expenditures … Read more
BANGKOK — Shares were mostly higher Thursday in Asia, led by tech-driven gains in Japan and South Korea as major computer chipmakers’ stocks surged following upbeat earnings reports from U.S. giants like Qualcomm and Micron Technology. Oil prices fell more than $1, bringing them closer to where they were before the war with Iran started. … Read more
NEW YORK — U.S. gasoline prices decreased an average of 49 cents a gallon in the last month as expectations rose for an end to the war with Iran. But they’re not falling fast enough for President Donald Trump. Trump, who wants to stave off the economic fallout of the war ahead of midterm elections, … Read more
AI-powered software has allowed gas station operators across California to illegally collude and drive up prices at the pump, according to a federal lawsuit. The proposed class action lawsuit, filed Monday, accuses gas station giants including Marathon and Circle K of violating California’s antitrust law through Kalibrate, a fuel-pricing software system used across the world. … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. Scotland’s world cup fans, the ‘Tartan Army,’ descend on US cities 01:35 Heat wave threatens millions in Europe 02:13 Airline organization leader warns of ‘hundreds’ of close calls every day 01:39 Dangerous carjacking rampage in California 01:16 New security at … Read more
MACUNGIE, Pa. — Speaking in a key Pennsylvania swing district on Tuesday, President Donald Trump sought to reassure voters that costs are coming down and that they are better off than they were two years ago. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. After the war with … Read more
A rare bipartisan bill up for a vote in the Senate on Monday aims to make it easier and more affordable for Americans to buy a home by boosting the nation’s housing supply. The “21st Century ROAD to Housing Act” would restrict institutional investors from purchasing single-family homes, remove regulatory barriers to construction and take … Read more
On “Face the Nation with Margaret Brennan,” energy analyst Kevin Book says it could take “a while” for gas prices to return to pre-Iran war levels, pointing to uncertainty and depleted oil reserves. And Biden-era adviser Amos Hochstein discusses how the U.S.-Iran deal could impact Iranian oil revenue. Source link