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Reuters
From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk
By Howard Schneider, Timothy Aeppel, Sarah McFarlane and Sumit Khanna SAN FRANCISCO/AHMEDABAD, India, April 7 (Reuters) - Kevin Kelly is in a tough spot.
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Rapid Read
Oil Prices Climb as President Trump Issues Ultimatum to Iran
Oil prices have increased after President Trump threatened military action against Iran if the Strait of Hormuz is not reopened. Brent crude rose to $110.60, and US crude reached $113.60. The threat follows Iran's closure of the strait in response to US and Israeli military actions. A senior Iranian official stated that the strait would remain closed until Iran is compensated for war damages. The situation has led to a significant rise in US gas prices, now averaging $4.11 per gallon. OPEC+ nations have expressed concern over the attacks on energy sites and have agreed to increase oil output starting in May.
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AP News
Oil prices rise as US stocks fall ahead of Trump's deadline for Iran
Oil prices are rising, and U.S. stocks are falling as the countdown ticks toward the latest deadline set by President Donald Trump to destroy Iranian power plants and bridges
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Reuters
JPMorgan's Dimon warns Iran war may drive inflation and interest rates higher
By Saeed Azhar NEW YORK, April 6 (Reuters) - JPMorgan Chase CEO Jamie Dimon warned on Monday that the war in Iran risks oil and commodity price shocks that could keep inflation sticky and push interest rates higher than the market now expects.
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AP News
Stopgap measures aren't enough to halt rising prices as the world scrambles for more oil
Global leaders have been scrambling to contain the rising cost of oil and gasoline since the start of the Iran war
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AP News
US stocks and oil prices flip-flop ahead of Trump's deadline to bomb Iranian power plants
The U.S. stock market is making only hesitant moves, while oil prices are flip-flopping
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AP News
US stocks drift higher ahead of Trump's deadline to bomb Iranian power plants
The U.S. stock market drifted higher in tentative trading ahead of a deadline President Donald Trump has set to bomb Iranian power plants
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AFP
Brasil anuncia medidas contra el aumento de los combustibles por la guerra en Oriente Medio
El gobierno de Brasil anunció este lunes medidas para frenar el alza de precios de combustibles provocada por la guerra en Oriente Medio, que amenaza con incrementar la inflación antes de las elecciones generales de octubre.
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AP News
Oil prices waver and US stocks fall ahead of Trump's deadline for Iran
Oil prices are wavering, and U.S. stocks are falling as the countdown ticks toward the latest deadline set by President Donald Trump to destroy Iranian power plants and bridges
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Reuters
Oil prices rise as US-Israeli war with Iran continues to disrupt supply
By Katya Golubkova TOKYO, April 6 (Reuters) - Oil prices climbed on Monday on continuing fears of supply losses because of shipping disruptions in the key Middle East producing region from the U.S.-Israeli war with Iran. Brent crude futures rose $1.71, or 1.6%, to $110.74 a barrel by 0057 GMT. U.S.
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Trendline
Stock Market Faces Volatility Amid Iran Conflict and Oil Price Fluctuations
Stock Market Faces Volatility Amid Iran Conflict and Oil Price Fluctuations
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AP News
The Latest: US service member missing after Iran shot down jet rescued
U_S_ President Donald Trump says a U_S_ service member who was missing since Iran shot down a fighter jet has been found in a rescue involving “dozens of aircrafts.”
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