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Hopes for an end to the war in Iran faded after President Trump failed to secure a commitment from China to help persuade Iran to reopen the Strait of Hormuz.
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Ships are increasingly sailing through India and Sri Lanka, and through the Panama Canal.
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Retail sales rose 0.5 percent despite higher prices for gas, food and other goods. But there are signs consumers are under some strain.
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Oil prices up 3% after Trump says he is losing patience with Iran ReutersIran war live: US, Tehran in ‘deadlock' over enriched uranium - Araghchi | US-Israel war on Iran News Al Jazeera'He would like to see it end', Trump says of Xi on Iran war: Updates USA TodayChina will work behind the scenes to help reopen the Strait of Hormuz, Bessent says CNBC
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For a small number of New Yorkers who own luxury second homes in the city, the prospect of seeing their property tax rates go up is still alive.
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