NEW YORK (AP) – A widening war in Iran has halted oil tankers, made targets of refineries and spooked investors worried about the cascading impact of spiking energy prices. The International Energy Agency agreed on Wednesday to release the largest volume of emergency oil reserves in its history, to make 400 million barrels of oil available.
NEW YORK (AP) - Worries about the war with Iran sent oil prices back to $100 per barrel and stocks sinking worldwide. The S&P 500 fell 1.5% Thursday and returned to big swings following a couple days of relative calm. The Dow dropped 1.6%, and the Nasdaq composite sank 1.8%. The price of a barrel of Brent crude got as high as $101.59.
Major storms that whipped up tornadoes in parts of Illinois and Indiana on Tuesday leveled homes, downed trees and power lines, and overwhelmed a 911 center south of Chicago with emergency calls, according to officials.
KYIV, Ukraine (AP) – Ukraine is awaiting White House approval for a major drone production agreement proposed by Kyiv last year, Ukrainian President Volodymyr Zelenskyy said Thursday, as countries scramble to modernize their air defenses after the Iran war exposed shortcomings.
KANSAS CITY (AP) – Inflation remained stubbornly elevated last month as gas prices rose, but it’s a snapshot of consumer prices before a U.S.-Israeli attack on Iran sent energy costs soaring. Consumer prices rose 2.4% in February compared with a year earlier, the Labor Department said Wednesday, matching January’s increase.
BEIJING (AP) – While much of the world’s attention is on the Iran war, that hasn’t stopped China from moving ahead with national priorities. Not that China doesn’t care about the war and its impact on energy supplies and geopolitics. But for the world’s second largest economy, its growing rivalry with the United States revolves around a different battle.
WASHINGTON (AP) – Jill Biden is breaking her silence about Joe Biden’s decision to abruptly end his 2024 presidential reelection bid under pressure from Democrats concerned about his age, health and viability against Republican Donald Trump in a rematch of their 2020 campaign.
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The Department of Homeland Security restarted the Global Entry program on Wednesday, a little over two weeks after it halted the service for travelers because of the partial government shutdown.
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