War in the Middle East

Oil futures markets can reflect investor expectations about fuel prices and energy markets.

Farmers have had to adjust to rising prices and shipping disruptions from the Strait of Hormuz’ closure, on top of existing economic strains like tariffs.

The updated number could also show that the AI spending boom is accelerating.

As refinery shutdowns and specialized fuel rules drive up California gas prices, Texas’ vast refining network and oil-friendly policies are helping keep fuel costs lower.

The Purchasing Managers’ Index from S&P Global this month shows a booming manufacturing sector, while service industries are stagnating.

The state isn’t seeing a boom from the energy supply crunch. That limits the uptick in tax revenue that comes from higher prices, and makes employment unlikely to see a big boost.

As the war continues and inflation rises, the cost of government borrowing is going up too.

Americans still buy a lot of big pick-up trucks. On top of that, the Trump administration ended subsidies for electric vehicles and stopped enforcing fuel efficiency rules.

Tensions are once again rising around conflict in the Middle East, rattling global markets. Government bond and oil prices are both up this morning.

The war in Iran has cost Americans more than $40 billion in additional fuel costs, according to an analysis from Brown University’s Watson School of International and Public Affairs.