Tehran asserts control over the waterway and rejects a 20% U.S. proposal, signaling a potential escalation in regional tensions. Iran endorsed a U.S. proposal to charge vessels in the Strait of Hormuz but declared it would collect the fees instead of Washington. Foreign Mi
Inflation cooled to an annual rate of 3.5% in June as the brief US-Iran ceasefire, which has since ended, brought energy prices down, according to new data from the Bureau of Labor Statistics. The consumer price index (CPI), which measures a basket of goods and services, h
Edwards Lifesciences has been hit with a $10m penalty to settle a court ruling that determined the company violated antitrust law in its acquisition of JC Medical nearly two years ago. The life sciences giant acquired the transcatheter aortic valve replacement (TAVR) speci
U.S. gasoline prices have increased for the first time since May, with the sudden reversal directly tied to the collapse of the tentative ceasefire between the U.S. and Iran. According to AAA data, the U.S. national average price of gasoline clocked in at $3.8590 per gallo
Just now from Trump: Oil is flowing like never before, thanks to the awesome Power of the United States Military. A special salute to Secretary of War, Pete Hegseth, Chairman of the Joint Chiefs of Staff, Dan Caine, and Commander of the United States Central Command, Admir
Trump plans 20% toll on ships passing through Hormuz President Trump has proposed a 20% toll on all cargo shipped through the Strait of Hormuz. The plan aims to charge a fee on all ships passing through the waterway. Shipping executives warn that the toll c
Quick Read - Interest on the national debt now exceeds Medicare spending for the first time, draining $23.8 billion every week from the federal budget. - Net interest surged 190% since 2020 to $1 trillion in fiscal 2026, projected to surpass Social Security as the largest budget...</stron
The conflict in the Middle East has "severely disrupted" global fertiliser trade, heightening risks for wider food security, a World Trade Organization report has said. The WTO said several economies in Africa and Asia are "particularly vulnerable" to fertiliser shortages
The UK’s borrowing costs have sailed past five per cent for only the third time since the onset of the Iran war, in a headache for Andy Burnham just days before he enters Downing Street. The yield on the UK’s 10-year government bond – the benchmark for a country’s long-ter
The recent end of the always-fragile ceasefire with Iran throws energy markets, oil in particular, back into the forefront of investors' minds, just when they were getting used to a $60 price handle again. It's a dynamic situation, and while near-term traders enjoy it, lon
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