Stocks closed significantly higher on Wednesday, just hours after the U.S. and Iran announced a two-week ceasefire. The Dow Jones Industrial average surged 1,325 points, or 2.8%, while the S&P 500 climbed 2.5%. The tech-heavy Nasdaq jumped 2.8%. As part of the accord, Iran says it will allow tankers passage through the Strait of Hormuz, […]

Only about a dozen ships passed through the Strait of Hormuz in the first two days of the ceasefire agreement between the United States and Iran, far below the normal traffic level before the war, marine transit data shows. As part of the agreement, which President Trump announced late Tuesday, Iran would allow vessels to […]

The Philippines has declared a national energy emergency in response to the U.S.-Israeli war with Iran, marking the latest sign of strain in Asia as the Middle East conflict stifles oil delivery and threatens an energy crisis. Philippine President Ferdinand Marcos Jr. said in part that the ongoing war threatened “the availability and stability of […]

The effect of the Iran war on oil prices is now costing you more not just at the pump. Diesel prices are driving near-record ground-shipment surcharges due to the Iran war, including first-ever package surcharges from the United States Postal Service (USPS). Shippers on the East Coast say they are now charging 30 to 40 […]

Russian drone strikes killed at least two people in the Ukrainian city of Odesa overnight into Saturday, local authorities reported, ahead of a proposed ceasefire for Orthodox Easter. A further two people were wounded in the attack on the Black Sea port city, when drones hit a residential area, damaging apartment buildings, houses and a […]