Houthi Blockade Threat and Iran Cease-Fire Hope Whipsaw Oil Markets
3h ago
Two US Service Members Killed in Iranian Strikes on Jordan, CENTCOM Confirms
1d ago
Wall Street's Rally Now Leans on AI Spending, Not Oil
8d ago
Trump Just Declared The Iran Ceasefire Over. The Dow Fell 600 Points And Oil Jumped 8 Percent In Hours.
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A Projectile Just Hit A Tanker Leaving The Strait of Hormuz. Oil Barely Moved. Heres Why That Should Worry You More, Not Less.
A fully laden LNG carrier owned by a Qatari state shipping company was struck near the Omani coast on Tuesday while exiting the Strait of Hormuz, reviving fears about the durability of the ceasefire between the United States and Iran. Crude oil rose above 69 dollars a barrel on the news, yet it remains near its lowest level since February, because a supply glut from OPEC and the Gulf has grown large enough to absorb a shock that would have sent prices soaring four months ago.
Mortgage Rates Are Stuck Near 6.4 Percent Today. Here Is Why They Are Not Coming Down Anytime Soon.
The average 30 year fixed mortgage rate held at 6.39 percent this morning, still nearly half a point above where it sat before the Iran war began. A peace deal was supposed to bring relief through lower oil prices. Instead a hawkish Federal Reserve and inflation stuck above 4 percent are keeping rates locked in place, and most forecasters now say relief will not arrive until 2027 at the earliest.
The White House Wanted The Most Important Crypto Law In History Signed Today. The Senate Never Even Voted.
The administration picked July 4, Americas 250th birthday, as the symbolic signing date for the CLARITY Act, the crypto market structure bill Citi and Standard Chartard say could send Bitcoin toward six figures. The bill is not close. It still needs seven Democratic votes it does not have, an ethics fight over the Trump family crypto income it cannot resolve, and floor time the Senate does not have before its own August recess.
Iran Is Playing World Cup Games Inside The Country It Just Fought A War With And Its Own Fans Cannot Get In
The team of Iran is competing in the United States while under a travel ban, a ticket freeze, and same day entry rules, even as President Trump questioned whether its players should be allowed to travel at all. On the same July 4 weekend that two World Cup stadiums are hosting Americas 250th birthday ceremonies, the tournament FIFA calls the greatest event humanity has ever seen is also becoming the clearest picture yet of how deep the Iran conflict has reached into ordinary life.
Iran's State Funeral Begins on US Independence Day. The Man Who Replaced Khamenei Has Never Spoken to the West.
Four months after Ali Khamenei was assassinated in a US-Israeli airstrike, Iran begins a weeklong state funeral Saturday that overlaps with America's 250th birthday. His successor, son Mojtaba Khamenei, has deep IRGC ties, no public record of Western engagement, and is already a declared assassination target for Israel's defense minister.
The June Jobs Report Drops Today. Here's Everything the Fed Is Actually Watching in the Numbers.
The Bureau of Labor Statistics releases June employment data this morning — moved to Thursday from Friday due to the Independence Day holiday — with Wall Street expecting roughly 115,000 new jobs and a Fed that is now debating rate hikes rather than cuts. Here is every number that matters and why.
Gold Hit $5,589 in January. J.P. Morgan Thinks It Goes to $6,000 by December. Here's Who Is Actually Buying It.
Gold set an all-time record of $5,589.38 per ounce in January 2026 after gaining 64% in a single year, and J.P. Morgan now forecasts it reaches $6,000 by year-end — but the most important driver is not inflation or the Iran war. It's China quietly buying more gold every month than most countries hold in total reserves.
July 1 Is the Most Important Deadline in Student Loans History. Here's Everything Changing Tomorrow.
The SAVE plan is terminated, Parent PLUS loans face new borrowing caps, and over 7 million borrowers must choose a new repayment plan within 90 days — all starting July 1, 2026, in the most sweeping overhaul to federal student lending in decades.