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Trump says U.S. to hold off for 10 days on hitting Iran energy sites The Washington PostIran Live Updates: Trump Extends Deadline for Iran to Open Strait of Hormuz or Face Power Grid Strikes The New York TimesAfter markets rattle, Trump once again punts on following through with threat on Iran power plants The HillIran War News: Israel Says It Killed IRGC Navy Commander Responsible for Blocking Strait — Live Updates
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Disruptions in the flow of oil through the Strait of Hormuz over the past four weeks will unleash a "sequential" shock to global supplies that'll run from east to west with much of the world taking a hit by April, according to strategists at J.P. Morgan.
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EPA approves sale of higher-ethanol fuel in bid to lower gas prices The GuardianEPA approves sale of a higher-ethanol fuel to try to lower gas prices AP NewsTrump Officials Ready E15 Waiver for Summer Gasoline Sales Bloomberg.comTrump administration waives gasoline regulations to address surging fuel prices CNBCEPA moves to ease
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War Will Push U.S. Inflation Above 4 Percent This Year, O.E.C.D. Says The New York TimesGlobal forecasting group sees U.S. inflation at 4.2% this year, much higher than Fed estimate CNBCMiddle East Conflict to Push U.S. Inflation Sharply Higher, Says OECD WSJ
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The region's stores of natural gas are running at the lowest level in years, and filling them up is increasingly daunting as the U.S.-led war in Iran pushes up prices.
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Markets are not fully reflecting the shock to oil prices resulting from the Iran conflict, Unlimited Funds' Bob Elliott warns.
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