Iran starts to formalize its chokehold on the Strait of Hormuz with a ‘toll booth’ regime
Iran appears to be setting itself up as the gatekeeper for the Strait of Hormuz, the world's most important artery for oil shipments.
All Stories
Top central banker thinks businesses may be quicker to raise prices due to Iran war
The head of the European Central Bank says that businesses may be quicker to raise prices in response to the oil shock from the Iran war due to bitter memories...
Poland is now among the world’s 20 largest economies. How it happened.
A generation ago, Poland rationed sugar and flour. Today, the economy of the country has edged past Switzerland to become the world’s 20th largest.
US eases some Russian oil sanctions but crude prices stay high
The U.S. is temporarily easing some sanctions on Russian oil shipments, reflecting global concerns over sharply higher crude prices due to supply shortages stemming from the Iran war.
Top central bankers express ‘full solidarity’ with Fed Chair Powell in clash with Trump
Central bankers from around the world said Tuesday they “stand in full solidarity” with U.S. Federal Reserve Chair Jerome Powell, after President Donald Trump dramatically escalated his confrontation with the...
Bulgaria to become the 21st country to join the euro, deepening EU ties despite fears
On New Year’s Day, Bulgaria becomes the 21st country to join the euro currency union, furthering its integration into the European Union.
US tariffs on European goods threaten to shake up the world’s largest trade relationship
The European Union expects to find out on Monday whether President Donald Trump will impose punishing tariffs on America’s largest trade partner in a move economists have warned would have...
US stocks near their record as oil prices tumble and stocks rally worldwide
Oil prices are dropping further, and U.S. stocks are pulling close to their all-time high Tuesday on hopes that Israel’s war with Iran will not damage the global flow of...
US and China reach a deal to slash sky-high tariffs for now, with a 90-day pause
The United States and China agreed Monday to slash their massive recent tariffs, restarting stalled trade between the world’s two biggest economies and setting off a rally in global financial...
US stocks dip after careening through a manic day following Trump’s latest tariff threat
U.S. stocks careened through a manic Monday after President Donald Trump threatened to crank his tariffs higher, despite a stunning display showing how dearly Wall Street wants him to do...