Here is the ‘worst-case scenario’ for oil and the Strait of Hormuz


Oil climbed to its highest price since June on Monday, as conflict in the Middle East brings with it an inherent risk to the world’s available crude supplies.

You May Also Like

Stocks see best ‘Fed day’ rally since July, thanks to a ‘nonchalant’ Powell performance

Federal Reserve Chair Jerome Powell’s nuanced take on the economic outlook helped…

Treasury yields retreat after consumer confidence in economy drops by most since 2021

U.S. bond yields were giving back earlier gains Tuesday as focus turned…

Hassett says Trump would have ‘no weight’ on Fed’s decision-making if he’s chair

Kevin Hassett, President Donald Trump’s top economic adviser, on Sunday dismissed concerns…

Japan’s economy shrinks about in line with first-quarter estimates

The Japanese economy shrank at almost the same pace as initially estimated…