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US fourth-quarter GDP growth revised down to 0.7%
U.S. GDP growth for the fourth quarter was revised down to 0.7% due to lower consumer spending, business investment, and export growth, government data shows.
Oil prices dip as Indian tanker sails out of Strait of Hormuz
Oil prices fell as an Indian tanker passed through the Strait of Hormuz and the U.S. issued measures to ease supply concerns amid Middle East conflict disruptions.
Oil unlikely to hit $200 a barrel, US energy chief says
U.S. Energy Secretary Chris Wright says oil prices are unlikely to reach $200 a barrel despite disruptions in the Strait of Hormuz caused by the Iran conflict.
S&P 500, Dow end lower as escalating Iran war sours risk appetite
U.S. stocks closed lower amid escalating Iran conflict, rising oil prices, and inflation concerns despite a moderate CPI report. Dow fell 0.61%, Nasdaq gained 0.08%.
Oil prices up 5% as supply fears mount despite record stocks release plan
Oil prices surged nearly 5% due to attacks in the Strait of Hormuz and concerns over supply despite the IEA's plan for a record 400 million barrel reserve release.
US consumer inflation steady before Iran conflict drives up oil prices
U.S. consumer prices rose moderately in February with steady rents and rising gasoline costs before the Iran conflict escalated oil prices. Inflation remains steady but geopolitical risks loom.
US stocks dip, oil pulls back as Wall Street weighs conflicting messages on Iran
U.S. stock indexes rose on March 10, 2024, as oil prices dropped over 14% following eased sanctions signals and Middle East conflict developments.
Dollar eases on conflicting signals about Trump’s Middle East timeline
The dollar fell as investors reacted to conflicting statements from President Trump on the Middle East conflict timeline and a drop in oil prices following heavy strikes on Iran.
Back to the 1970s? Investors brace for return of stagflation
Investors brace for stagflation as Middle East conflict drives oil prices above $100, threatening inflation and economic growth worldwide.
Wall St ends higher as hopes of Iran war resolution offset inflation fears
Wall Street closed higher on hopes of a resolution to the Iran conflict, offsetting inflation fears amid rising oil prices and economic uncertainty in the US.
Oil prices hit highest since 2022 at more than $119 a barrel on Iran war
Oil prices hit over $119 per barrel, the highest since 2022, driven by supply cuts from major producers and tensions from the U.S.-Israeli war with Iran.
Iran war sends US crude futures up 12% a barrel
US crude oil futures surged more than 12% following Iran conflict and Strait of Hormuz closure, disrupting Middle East oil exports and tightening global supply.
