Iran

Headline inflation was at its lowest in five years, but a global oil price shock has made the reading a bit stale.

New data shows natural gas prices in the U.S. up 10.9% compared to the same time last year. That increase is largely due to a colder winter and higher demands for electricity.

Amid global uncertainty, investors are parking their dollars.

Quarterly reports from Best Buy, Target, Costco, Kroger, and others will provide a glimpse into consumer spending.

Global sea trade through the Strait of Hormuz and air-based cargo across the Middle East face huge disruptions.

The new routes will take longer, and some shipping companies are adding a surcharge to compensate for the additional risk, as well as the extra fuel and labor.

Around 20% of the world's oil passes through the Strait of Hormuz, off the coast of Iran. Oil prices are higher today because of how a potential U.S. intervention could limit oil supply.

Shadow fleets, groups of tanker ships used by sanctioned nations like Iran and Russia to move oil, comprise an estimated 17% of all international tankers, according to an Allianz report.

The increased risk from conflict in the Middle East carries a premium.

Despite fears about how oil shipments could be affected if Iran targets tanker traffic moving through the Strait of Hormuz, global supply remains strong.