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Even once the Strait of Hormuz reopens, it will take months for oil and gas flows to get back to normal, Exxon and Chevron warn.
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Ukraine is hitting oil facilities deep inside Russia. Soaring fuel prices could blunt the impact AP NewsRussian Offensive Campaign Assessment, May 1, 2026 Institute for the Study of WarRussian Tuapse Oil Terminal Fire Extinguished After Attack Bloomberg.comBlack Sea town faces environmental catastrophe as Ukrainian strikes rock Russia NBC News
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Concerns about high oil prices are adding to inflation fears in Japan, as the BOJ just moved to rescue the yen from a roughly 40-year low.
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Two harsh realities are keeping lower earners stuck while the wealthy pull ahead Business InsiderK-shaped economy is real, per New York Fed research AxiosThe 'K-shaped' spending trend is real — but it's been here since 2023: New York Fed Yahoo FinanceTracking the K-Shaped Economy: Who's Driving Spending? Liberty Street EconomicsWhere does the K-shaped economy stand in 2026? CFO Brew
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Jailed Iranian Nobel Peace Prize Winner Hospitalized in Critical Condition The New York TimesIranian Nobel laureate Narges Mohammadi hospitalised as health deteriorates Al JazeeraNobel laureate Mohammadi in Iran hospital after 'cardiac crisis', foundation says ReutersIran tortures dad to death
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