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Global benchmark oil prices were pulling back from their highest level in nearly four years on Thursday afternoon after President Trump said he wouldn't send troops to the Middle East, helping to ease energy-market concerns about the Iran conflict.
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Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually end.
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Shares of FedEx rose in extended trading Thursday after the package-delivery giant said it expected slightly better sales and profits for this year, even as the Iran war threatens larger shipping disruptions and drives fuel prices higher.
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Siena vs Duke Prediction, Picks & Best Bets for Today's March Madness Game Covers.comMarch Madness 2026 live updates: Where to watch NCAA basketball today, time, channel, what to know NBC NewsMen's March Madness 2026 first round score, live updates: Duke trailing Siena in second half; High Point upsets Wisconsin The New York TimesNext Up - Duke Starts NCAA Play With Siena Duke Basketball Report
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Traders now expect Europe's central bankers to raise rates this year to address a sharp increase in inflation because of higher energy prices.
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Jerome H. Powell, the chair of the Federal Reserve, emphasized the high degree of uncertainty stemming from the conflict as he acknowledged the potential for surging energy prices to lift inflation and dent growth.
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