Economy

Economy
Economy

Trump says his ‘preference’ would be to ‘take the oil in Iran’

President Donald Trump said Sunday that he would like to “take the oil in Iran” and is considering seizing the export hub of Kharg Island, which is responsible for more than 90% of Iran’s oil exports. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. In an interview with

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Economy

U.S. crude tops $100 and the S&P 500 approaches correction as Iran war enters second month

Global oil prices continued their recent climb and the S&P 500 closed lower Monday after a weekend when Iran-backed Houthi militants launched ballistic missiles at Israel and 3,500 additional U.S. troops arrived in the Middle East. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The conflict between Iran,

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Economy

The world economy is experiencing the most severe oil shock in decades. The worst could still be on the way.

Surging oil prices continue to ripple through the global economy because of the war with Iran. Now, some analysts say the worst could still be ahead as the conflict drags on. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The concern is that beyond immediate knock-on effects from

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Economy

Average U.S. gas price hits $4 for the first time since 2022

The average price of a gallon of gasoline hit $4 Tuesday for the first time since mid-2022, as the cost of oil surges due to the Iran war. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. In the month since the United States and Israel attacked Iran, the

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Economy

A global jet fuel shortage is raising the cost of air travel

American flyers still smarting from interminable airport security lines are about to get another shock. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. A looming global jet fuel shortage is expected to hike the cost of air travel and reduce flight schedules, as airlines look to offset rising

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Economy

Stocks have their worst quarter since 2022, raising doubts about Trump’s economic playbook

Stocks surged Tuesday, with the S&P 500 closing up 2.9% while the Nasdaq rose 3.8% and the Dow gained 1,125 points. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. But this very good day capped off what was a very bad month for U.S. equities. The S&P 500

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Economy

Hershey to resume using chocolate in most products; Reese’s grandson may taste sweet victory

The grandson of the inventor of the Reese’s Peanut Butter Cups, who has publicly criticized The Hershey Company for tinkering with the classic formula in its spinoff products, appears to have gotten some sweet revenge. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The candy company has announced

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Economy

Republican leaders announce two-track plan to end the DHS shutdown

WASHINGTON — House and Senate Republican leaders jointly announced a plan Wednesday that they said would end the shutdown of the Department of Homeland Security that caused major airport delays. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. “In the coming days, Republicans in the Senate and House will

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Economy

Is America on the cusp of a farm crisis?

Fourth-generation Iowa farmer Mark Mueller is no stranger to the ups and downs of the agriculture industry. But right now, he thinks America is on the cusp of a farm crisis. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. “I am more concerned now than I have been

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Economy

U.S. oil has its biggest one-day price increase in six years, driving the cost of gas even higher

Oil prices surged Thursday, threatening to further drive up the price of gas as hopes for a near-term resolution to the Iran war faded following President Donald Trump’s address to the nation. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Stocks were volatile, with major indexes plunging early

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