An Islamic Revolutionary Guard Corps (IRGC) speed boat sailing along the Persian Gulf near a cargo vessel. Nurphoto | Nurphoto | Getty Images With oil prices at levels not seen in years and global business supply chains across sectors of the economy shut down by the de facto closure of …
Diego Garcia, a British Indian Ocean Territory and the largest of the islands in the Chagos Archipelago on July 02, 2013 in Diego Garcia, British Indian Ocean Territory. USGS NASA | Gallo Images | Getty Images Iran unsuccessfully targeted a joint U.S.-U.K. military base in the Indian Ocean, the U.K. …
High gas prices are listed at Chevron gas station in Los Angeles on March 9, 2026, as gasoline prices surge amid the ongoing war with Iran. Frederic J. Brown | Afp | Getty Images “I don’t get any sense that inflation is decelerating,” said Mark Zandi, chief economist at Moody’s. …
So, you are telling me that our continent is energy self-sufficient and yet, last week oil screamed higher faster than we have ever seen ? Or that all that new Permian Basin oil doesn’t matter? Or that cars guzzle a lot less now than they did in previous oil shocks? …
U.S. President Donald Trump points his finger as he arrives to deliver remarks on the U.S. economy and affordability at the Mount Airy Casino Resort in Mount Pocono, Pennsylvania, U.S. December 9, 2025. Jonathan Ernst | Reuters November’s midterm elections were always supposed to be about affordability. Then, the bombs …
South Korean defense stocks see massive surge on Iran war South Korean defense stocks pared gains, but still saw massive spikes on Tuesday after the country’s markets returned from a public holiday, as the Iran war fueled interest in defense names globally. Heavyweight Hanwha Aerospace, which is South Korea’s largest …