Dow Jones Turns Negative for 2026 as Market Endures Worst Week Since Trump’s Liberation Day Tariffs
The Dow Jones turned negative for 2026 after a 785-point plunge, enduring its worst week since last April's tariff shock as the Iran war erased…
Finance
Brent Crude Surges Past $85 After Iran Strikes Oil Tanker in Strait of Hormuz, Biggest Weekly Gain Since 2022
Brent crude surged past $85 per barrel after Iran struck an oil tanker in the Strait of Hormuz, marking the biggest weekly gain since 2022…
The $1 Billion-a-Day War: How the Iran Conflict Is Draining the Pentagon Budget and Straining U.S. Finances
The U.S. military campaign against Iran is costing approximately $1 billion per day, with CSIS estimating $3.7 billion in the first 100 hours alone, straining…
Kuwait Declares Force Majeure on Crude Oil Exports as Iran War Chokes Global Energy Supply Through Strait of Hormuz
Kuwait declared force majeure on crude oil exports as the Iran war makes Strait of Hormuz shipping impossible, removing 2.7 million barrels daily from global…
Berkshire Hathaway Resumes Share Buybacks Under New CEO Greg Abel as Markets Reel From Iran Conflict
Berkshire Hathaway resumed share repurchases and CEO Greg Abel bought $15 million in stock as the Dow plunged 785 points, signaling confidence in long-term value…
The Fed’s Impossible Choice: Iran War Drives Oil-Fueled Inflation Just as the Economy Needs Rate Cuts
The Federal Reserve faces an impossible choice as Iran war-driven oil prices stoke inflation while the economy needs easing, with 10-year Treasury yields surging toward…
Oil Tops $85 a Barrel as Iran Hits Tanker, Dow Plunges 785 Points in Worst Week Since Liberation Day Tariffs
Oil surpassed $85 per barrel after Iran struck a tanker in the Strait of Hormuz, sending the Dow down 785 points in the worst week…
OPEC+ Agrees to Boost Production as Iran War Threatens Global Oil Supply, But Analysts Say It Won’t Be Enough
OPEC+ agreed to increase oil production by 206,000 barrels per day, but analysts warn the modest boost cannot offset the potential loss of 20 million…
Belgium Seizes Russian Shadow Fleet Oil Tanker in North Sea in Unprecedented Enforcement Action
Belgian special forces seized a Russian shadow fleet oil tanker in the North Sea with French naval support, marking an unprecedented physical enforcement of Western…
Gas Prices Jump 19 Cents in a Single Day as Iran War Threatens to Erase Years of Energy Cost Declines
Gasoline prices surged 19 cents in a single day, the largest jump since 2022, as the Iran conflict threatens to erase years of declining energy…