The war in the Middle East has sent oil and gas prices soaring. Our energy reporter Rebecca F. Elliott breaks down how much the world continues to depend on reliable sources of oil.
Category: International Trade and World Market
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U.S. Trade Deficit Falls in January
The data showed imports dipped and exports rose in the month before the Supreme Court struck down most of the president’s tariffs.
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Trump Administration Suggests Tariff Refunds May Take Significant Time
The government must update a federal court on Thursday about its timeline for returning roughly $166 billion in illegal duties.
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Trump Administration to Announce New Trade Investigations
The investigations into unfair trade practices will likely lead to tariffs on foreign countries, as the administration works to replace the import taxes struck down by the Supreme Court.
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A Trump-Xi Summit Nears, but China Doesn’t Know What Trump Wants
Trump’s agenda for the high-stakes meeting remains unclear to Beijing, Chinese analysts say, while American executives say they haven’t been invited along.
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Trump Directs Iran War Keeping Markets Top of Mind
President Trump again demonstrated his desire to keep the stock markets aloft when he suggested U.S. attacks on Iran could end soon.
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Rising Fuel Costs Pressure Airlines and Truckers
The price of jet fuel and diesel has surged since the war in Iran began, which could force airlines and trucking companies to pass on higher costs to their customers.
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China Stockpiled More Oil Before War Broke Out in Iran
China’s oil imports rose nearly 16 percent in the first two months of 2026, adding to its growing energy stockpile.
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Oil Falls and Stocks Rise After a Day of Drastic Swings
The price of oil had spiked to nearly $120 a barrel on Monday, drawing remarks by President Trump that he believed the war on Iran was “very complete.”
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Stocks Tank in Asia as Oil Price Surges
Asian markets tumbled on Monday as Middle East tensions and spiking oil prices sparked a mass exit from the region’s previously booming stocks.
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War-Induced Inflation Spike Looms Over Europe’s Economic Recovery
For months, the region has been encouraged by low inflation and better-than-expected economic growth. A disruption to energy supplies from the Middle East could knock it off course.
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Trump’s ‘Whatever It Takes’ Rattles Global Markets
President Trump has signaled that he is open to the idea of a prolonged military conflict with Iran. Investors are spooked by that scenario.