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Oil prices push higher, approaching another wartime high, as President Trump asserted that the naval blockade of Iran's ports would persist.
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Scoop: Commanders to brief Trump on new Iran military options Thursday AxiosUS seeks new coalition to get ships moving again in Hormuz, internal cable says ReutersOil Hits Wartime High on Report US Eyeing Iran Military Options BloombergUS military developing plans to target Iran's Strait of Hormuz defenses if ceasefire fails CNNAs Hormuz Traffic Stalls, U.S. Pitches New Coalition to Get Ships Moving
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Oil price soars to highest level since 2022 as US-Iran impasse shows no sign of resolution The GuardianView Full Coverage on Google News
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US stocks fall as oil prices keep spurting higher AP NewsStock Market Today: Dow off 325 points, S&P 500 and Nasdaq lower after Fed holds rates steady; oil and bond yields up as tech earnings loom MarketWatchStock market today: Dow, S&P 500, Nasdaq drop as chip stocks sink on OpenAI report, oil rises Yahoo Finance
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Oil prices reaching $200 — and two other scenarios — could tip the global economy into a recession, according to the latest quarterly outlook from BNP Paribas, the French banking giant.
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The oil shock and elevated inflation are top worries for investors in the bond market as Federal Reserve Chair Jerome Powell prepares to deliver the final press conference of his career at the central bank's helm.
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