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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.
Salomon Bros. Banker's Assistant Admits Stealing Nearly $10M to Fund Designer Spree
A former personal assistant has pleaded guilty to stealing nearly $10 million from her elderly employers to fund a luxury shopping spree.
Iran's Strait of Hormuz Toll Scheme Faces Backlash From Global Trade Officials
Iran's plan to collect tolls in the Strait of Hormuz faces pushback from global trade officials over freedom of navigation concerns.
Iran War Is Driving Prices Up — But Companies May Be Quietly Pushing Them Higher
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.
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