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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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Trump makes fresh Iran threat after claiming King Charles agrees with him over nuclear weapons - US politics live The GuardianLive updates: Trump says Iran ‘better get smart soon' as talks deadlock sends oil prices higher CNNTrump says Iran ‘better get smart soon' as economies deal with skyrocketing energy prices Fast CompanyTrump: Iran ‘better get smart soon' The Hill
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S&P 500 futures are flat as oil rises, traders brace for Fed decision and Big Tech earnings: Live updates CNBCUS Stock Futures Edge Up on Tech Gains Before Megacap Earnings Bloomberg.comFed Meeting Today: Dow Futures, Oil Rise; Powell's Last Interest-Rate Decision as Chair — Live Updates WSJHyperscaler results pose major test for AI-driven US stock market Reuters
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The national average price of a gallon of gasoline hit $4.23, following oil prices upward as supplies from the Middle East remain disrupted.
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Oil price jumps to $115 after reports of 'extended' Iran blockade BBCTrump Tells Aides to Prepare for Extended Blockade of Iran WSJTrump Tells Aides to Prep for Lengthy Hormuz Blockade, Report Says Bloomberg.comTrump's Ominous Warning to Aides Is Leaked The Daily BeastOpinion | Blockades Don't Work the Way Trump Thinks The New York Times
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The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
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Abu Dhabi's surprise decision to leave the oil cartel raises doubts over its future
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Oil slips as market digests UAE exit from OPEC, supply concerns linger ReutersLive updates: UAE to quit OPEC in blow to oil cartel as Iran war chokes energy sector CNNEuropean stocks to open lower as UAE OPEC exit complicates oil supply outlook CNBCUAE Says It Will Leave OPEC as Iran War Strains Oil Markets The New York Times
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Brent crude futures for June delivery climbed to above $111 a barrel as the endpoint of the U.S.-Iran conflict remains unclear.
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