US Inflation Surges to 3.8% in April on Energy Price Spike
April CPI data shows inflation rising sharply to its highest level since 2023, driven by a 28.4% jump in gas prices that is hitting American consumers hard.
Economy
Iran War Ripples Hit Asia Hard, Set to Spread
Strait of Hormuz closure triggers energy crisis across Asia-Pacific, with $299 billion economic toll projected and LNG imports plunging 8.6% in March alone.
Iran War's Energy Shockwaves Rock Asia-Pacific
The Strait of Hormuz closure since late February has doubled LNG prices and drained fuel reserves across China, Japan, and Southeast Asia, sparking emergencies and stock plunges.
Iran War Shocks Asia's Energy Markets
The Strait of Hormuz closure disrupts 20% of global oil and LNG flows, with 80-90% headed to Asia, sparking fuel rationing and stock plunges across the region.
Iran War's Energy Shock Hits Asia Hard, Spreads Fast
Closure of Strait of Hormuz since February 28 disrupts 20 million barrels of oil per day, doubling LNG prices in Asia and triggering fuel rationing across Southeast Asia amid factory shutdowns.
Iran War Shocks Asia with Oil Crisis
The Strait of Hormuz closure blocks 20% of global oil flows, doubling LNG prices and crashing South Korean markets as energy shortages spread across the Asia-Pacific region.
Markets Digest Bank Earnings After Turmoil
Wall Street's biggest banks reported Q1 profits surpassing estimates, fueled by trading windfalls from Iran war volatility. Stocks climbed on the news.
Banks Post Strong Q1 Earnings Amid Market Turmoil
Morgan Stanley, Goldman Sachs, and JPMorgan Chase report record revenues and profits for Q1 2026. They shrugged off US-Iran tensions and volatility that rattled Wall Street last week.
Banks Post Record Profits Amid Iran War Volatility
JPMorgan Chase leads with $16.5 billion Q1 net income as trading desks capitalize on market swings from geopolitical tensions. Bank stocks lag broader indexes.
S&P 500 Hits Record Highs Amid Oil Spike Fears
The index closed at 7,126.06 on April 18, 2026, fueled by Strait of Hormuz reopening, but analysts warn persistent high oil prices above $90 could trigger U.S. economic slowdown and renewed inflation.