As conflict disrupts oil and gas flows through the Middle East, exports from the Port of Corpus Christi have reached new heights, driving jobs and investment along the Texas coast.
Two months into the disruption of oil flows through the Strait of Hormuz, a gap is opening between what financial markets expect oil to cost and what buyers are actually paying to get a physical barrel delivered today.
Companies are issuing record amounts of corporate debt this year, even though the war pushed up yields. Analysts say that could continue, especially as tech companies finance AI projects.
New survey data from S&P Global shows U.S. manufacturing orders hit their highest level in four years, but the jump isn't driven by strong consumer demand.
Countries that have their own refineries and reserves, and that can afford to pay, are facing high oil and gas prices but not shortages. Other countries can't get what they need and are rationing fuel.
At the outset of the war in Iran, the dollar surged, likely because of the typical “flight to safety” behavior. But more recently, it’s been taking a beating.