Years of investment on the Gulf Coast helped turn the U.S. into the world’s largest LNG supplier. Now that the war has upended the global industry, conflict could shape future investment and demand.
The war in the Middle East is pushing up short-term government yields, on expectations that the Fed is increasingly likely to hike interest rates over the next two years.
Global oil inventories are buffering consumers from the full force of the supply shock, but analysts warn that reserves can't be drawn down indefinitely.
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.
Until ships start moving through the Strait of Hormuz, prices for oil and a range of related goods will likely keep rising. The question is, how long will it take them to come down again?
A new study from the New York Federal Reserve found that lower-income households cut gasoline use by 7% in March, while higher-income households reduced consumption by just 1%.
