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Russia Revels in a Sudden Reversal in Fortunes as Oil and Gas Prices Soar The New York TimesThe Big Winner From the Persian Gulf Energy Crisis? Russia WSJRussia sees chance it may benefit from Middle East war The Washington PostRussian Urals oil price tops Brent for first time in Indian market, traders say Reuters
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Kuwait declares force majeure, cuts crude oil output due to Middle East conflict ReutersKuwait cuts oil production as Strait of Hormuz closure disrupts global energy market CNBCExclusive | Kuwait Cuts Oil Production as Fallout From Iran Conflict Intensifies WSJOil and gas production shutdowns in Iraq and Kuwait widen the Iran war's impact on energy prices Fortune
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The findings have been tested in the real world.
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Iran war could make affordability bigger issue in 2026 elections CNBCOil surges 35% this week for biggest gain in futures trading history dating back to 1983 CNBCCrude prices make record jump as Trump's measures fail to calm markets PoliticoU.S. Gas Prices Jump Again as Oil Tops $90 for First Time in Years The New York Times
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Experts say reopening Strait of Hormuz remains most viable option as ideas such as influencing futures market fade
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Oil shot to its highest price since 2023 after surging again because of the Iran war, and a weak update on the U.S. job market knocked stocks lower to cap Wall Street's worst week since October.
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Miran said in a CNBC interview that the Fed should be focusing more on supporting the labor market than worrying about inflation.
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In 2026, entrepreneurship is surging, with new businesses forming nationwide and founders reporting strong optimism for growth.
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Government bonds globally were hit hard by surging oil prices as the Iran conflict extends into the weekend
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