Discover the economic impact of the Iran conflict on US jet fuel prices, with a 95% surge affecting airlines, consumers, and boosting defense contractor profits. Learn how rising oil prices lead to fuel surcharges and increased costs across the supply chain.
Trending News
Citadel CEO Ken Griffin Blasts Mamdani's Tax Video as 'Personal Attack'
Citadel CEO Ken Griffin criticizes NYC Mayor Zohran Mamdani's viral tax video as a personal attack, raising concerns over business climate.
Norwegian Cruise Line Incident: Coast Guard Halts Search After Man Falls Overboard
Coast Guard suspends search after a crew member fell overboard from the Norwegian Breakaway during a Bermuda to Boston voyage.
Eli Lilly and Co Reportedly Close to $2 Billion Acquisition of Kelonia Therapeutics
Eli Lilly is reportedly nearing a $2 billion deal to acquire Kelonia Therapeutics, aiming to expand its cancer treatment portfolio with next-generation therapies.
Failed Hormuz Talks and Trump Blockade Trigger Global Stock Sell-Off as Oil Surges Past $103
NEW YORK — The abrupt failure of U.S.-Iran peace negotiations in Pakistan and President Donald Trump's immediate order to blockade the Strait of Hormuz sent shockwaves through world financial markets Monday, driving oil prices above $103 a barrel and triggering sharp declines in global stock indexes as investors priced in prolonged energy disruptions and higher inflation risks.
Latest News
Donald Trump's signature will appear on U.S. dollar bills for the first time in history, marking a major change in currency design.
Valero faces a $1M lawsuit after a refinery explosion in Port Arthur injured a worker and raised safety concerns.
Ford Motor Co. recalls 254,000+ SUVs over software issues that may disable rearview cameras and safety features.
An Air Canada flight attendant miraculously survives a deadly crash at LaGuardia after being thrown from the plane during a runway collision.
OnlyFans CEO Leonid Radvinsky dies at 43 after a battle with cancer, leaving behind a $4.7B digital empire.
Trump threatens Iran with power plant strikes if the Strait of Hormuz is not reopened within 48 hours, escalating regional tensions.
The U.S. Mint has approved a gold commemorative coin featuring President Trump for the nation's 250th anniversary.
Ohio jury awards $22.5M after Total Quality Logistics denied a pregnant employee's work-from-home request, leading to her newborn's death.
CBS News staff walk out over contract dispute, citing layoffs, political pressure, and calls for fair pay and protections.
