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U.S. Treasury yields climbed higher on Monday as oil prices soared past $100 a barrel and increased inflation fears among investors.
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Energy analysts warned that there was no limit for oil prices as they rose in response to the war in the Middle East.
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America is a big oil producer. But its overreliance on crude — and the president's efforts to keep it that way — mean times like these can hurt.
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The officials also claimed that the sharp increase in gasoline prices resulting from the Iran war would last only weeks.
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The U.S. ordered non-emergency government staff to leave Saudi Arabia as the widening Iran war rattled global markets.
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World shares tumbled on Monday, with Japan's benchmark Nikkei 225 index plunging more than 5%, after oil prices spiked at nearly $120 a barrel.
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Billionaires made 19 percent of all reported federal campaign contributions in 2024, a Times analysis shows, and even more in some local elections. Wealthy donors are reaping the rewards.
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Markets suggest the ramifications are likely to drag on and spread
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As the war in Iran spreads, Kyiv is eagerly offering its hard-won expertise and advanced technology to counter Iranian drones.
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The Oklahoma senator whom President Trump chose to run the Department of Homeland Security has risen in Washington by styling himself as a MAGA warrior and Trump loyalist.
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Oil prices surged about 20%, hitting their highest since July 2022.
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Oil continued its recent surge Sunday, hitting $100 per barrel for the first time since July 2022 as the ripple effects from the U.S. war on Iran continued to hit global markets.
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"British Bases Out" is the slogan of Cypriot protesters after a drone strike targeted the RAF Akrotiri airbase.
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Trump and Netanyahu, two political high rollers, are seen as more of an odd couple than Roosevelt-Churchill or Clinton-Blair. The war in Iran is their biggest gamble yet.
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