Clashes in the world’s most critical oil chokepoint intensify fears of a global supply shock
Markets
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BUSINESSFinanceTech
Elon Musk to Launch ‘X Money’ Next Month in Push for Super-App Future
by Daphne Dougnby Daphne DougnDigital payments rollout signals Musk’s next step in transforming X into a global “everything app.”
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U.S Markets pause for CPI data as oil volatility and Middle East tensions shape investor outlook
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Regional markets rebound while investors monitor Middle East conflict and potential emergency oil releases
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Trump says conflict “nearly complete,” easing energy fears and fueling market turnaround
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Markets cool after U.S. signals control of key oil chokepoint and potential easing of Russia sanctions
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Futures & Commodities
G7 Weighs Massive Oil Reserve Release as Hormuz Crisis Deepens
by Dean Dougnby Dean DougnEnergy ministers consider tapping up to 400 million barrels as global supply shock pushes crude above $100
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Energy shock from Middle East war raises stagflation fears across global markets
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Analysts say Middle East battlefield reflects broader rivalry among the U.S., Russia, and China
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First price ceiling in 30 years reflects mounting pressure from Iran war and soaring energy costs