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A day after the price of oil had spiked to nearly $120 a barrel, the S&P 500 ended Tuesday 0.2 percent lower, even as the U.S. bombing campaign of Iran intensified.
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Oil futures settled sharply lower on Tuesday, extending losses from the overnight session, as world leaders considered releasing emergency crude supplies with the Iran conflict stretching into an 11th day.
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Why should oil and gas companies drill? Prices have been — and still are — too low for them to bother.
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Gas prices haven't shot up this fast since 2022 in the wake of Russia's invasion of Ukraine
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Trump 'not happy' with Iran's choice of Mojtaba Khamenei as new supreme leader Fox NewsHow Iran Is Building a Religious Mythology Around Its New Supreme Leader WSJLethal elite 'black-clad' kill squad guards Iran's new Supreme Leader Mojtaba Khamenei Fox NewsMeet t
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According to a report, a former DOGE software engineer allegedly told co-workers that he had two databases of U.S. citizens' information.
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Whistleblower claims ex-DOGE member says he took Social Security data to new job The Washington PostDOGE staffer had ‘God-level' Social Security access and expected Trump's pardon, whistleblower says The IndependentDOGE employee stole Social Security data and put it on a thumb drive, report says TechCrunchFormer DOGE Engineer Allegedly Steals SSA Data and Hoards Sensitive Records mezha.net
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Treasury yields were edging up Tuesday, but traded below levels seen Monday when inflation fears tied to oil's surge were rising.
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Also in today's newsletter: Chinese consumer prices bounce back and Anthropic sues the Pentagon
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President Trump insists the conflict will be brief, but world leaders are preparing for severe economic blowback.
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