U.S.-Iran war evolves into naval standoff over Strait of Hormuz after both countries seize ships
Brent oil has risen above $100 per barrel again as tanker traffic through the strait remains at a near standsill.

Brent oil has risen above $100 per barrel again as tanker traffic through the strait remains at a near standsill.
Microsoft's inaugural voluntary buyouts will be open to workers at the senior director level and below whose years of employment and age add up to 70 or more.
Starbucks made some major changes to its long-standing loyalty program last month.
Trump administration to reclassify marijuana as Schedule III, easing research barriers but not legalizing the drug or changing current federal penalties.
President Donald Trump's overall — and economic — approval ratings plunged in the latest CNBC All-America Economic Survey.
Warner Bros. Discovery held a special meeting on Thursday for shareholders to vote on Paramount's proposed acquisition of the company.
Chances that traffic returns to normal fell below 50% on Wednesday, according to Kalshi bettors, despite the U.S. and Iran extending the ceasefire.
Tehran's hardline rhetoric belies a brutal reality facing the regime and Iranian citizens: its economy, vulnerable even before the war, is now in tatters.
American Airlines cut its 2026 earnings forecast, becoming the latest airline to lower its outlook after a surge in fuel costs added billions to its expenses.
President Donald Trump has been posting a lot on social media about his White House ballroom, the Iran war, and Pope Leo XIV. Not much about rising gas prices.
Luxury real estate in most major markets around the world continues to become more expensive, as the wealthy grow wealthier and more mobile.
United CEO Scott Kirby floated the idea of a merger with American to a Trump administration official earlier this year, according to sources.
Shares of Avis Budget Group, ticker 'CAR,' soared from under $100 last month to a record high near $850 in early trading Wednesday before a sharp U-turn lower intraday.
Top family-office employees like Warsh can co-invest with the families they work for, thanks to favorable regulation.
Comcast’s first-quarter earnings were lifted by NBC’s sports slate in February as well as fewer broadband customer losses than prior quarters.
As part of an AI initiative that tracks employee keystrokes and mouse clicks, Meta is monitoring use of popular sites like Google, LinkedIn and Wikipedia.
The airline reported that revenue in its first-quarter period rose nearly 13% to $7.25 billion.
Arnault warned of "very serious" economic consequences of the Iran war after the conflict hit the luxury conglomerates first-quarter sales last week.
Oil giant BP failed to get two motions passed, one of which would've permitted retiring two company climate disclosure obligations.
The incidents involved a candidate from Virginia seeking a Senate seat and candidates running for House seats from Minnesota and Texas.
Tesla's stock has underperformed all of its megacap peers so far this year as global competition ramps up in the electric vehicle market.
Reducing driving by 10% would save the average person just $27 a year on insurance, according to Insurify.
Trudeau reiterated Ottawa's call for world leaders to unite and adopt "microlateralism" where a small group of countries identify shared interests.
The software company beat expectations for earnings and revenue as it continued to expand its artificial intelligence offerings.