Iran

Thursday was a rocky one for the oil market. Brent crude was up more than 3% at one point, and U.S. benchmark West Texas Intermediate briefly crested the $100-a-barrel mark.

Spiking costs mean the money has to come from somewhere.

As Trump has declares the truce “over” and aggression ramps back up, Robin Brooks of the Brookings institution walks us through what this all might mean for the global oil market.

Uncertainty over the ceasefire means uncertainty over prices.

Language in the current memorandum of understanding could allow Iran to become more integrated in the global economy.

The Arab oil embargo of 1973 was a global economic turning point, said Princeton historian Meg Jacobs. 2026 could be too.

In late February, mortgage rates had dipped just below 6%, listings were rising, and affordability was beginning to improve. Then, the war in Iran introduced a new round of uncertainty and volatility.

Catherine Wolfram, professor of energy economics at MIT Sloan School of Management, talks about how demand destruction actually helps balance the oil market.

In Iran, inflation is soaring, food prices are spiking, and over a million people have lost their jobs.

JD Vance is expected to travel to Islamabad, Pakistan, on Tuesday for potential negotiations with representatives from Iran, but peace talks are still uncertain as the end of the ceasefire approaches.