President Trump on Tuesday attacked European allies for not doing more to support the U.S. in its war with Iran and signaled they will have to reopen the Strait of Hormuz on their own.
Why it matters: This was the third time in recent days that Trump signaled publicly he could end the war in Iran without reopening the Strait of Hormuz.
The oil shortage brought on by the Iran war will spread throughout the world, much as COVID-19 did, moving from east to west and leaving a path of destruction in its wake, a new analysis says.
Why it matters: If the oil shock plays out along those lines, it would mean the global economy has only just begun to feel the pain of the war's impact.
U.S. average gas prices have hit $4 per gallon nationwide, per AAA.
Why it matters: It's a 35% increase at the pump since the war in Iran began last month, and there's little hope that costs will ease as the Strait of Hormuz remains closed to most ships, straining supplies worldwide.
HOUSTON — As nuclear energy industry deals pile up, executives are turning their focus to what many describe as a huge challenge: How to build multiple plants quickly.
Why it matters: Nuclear energy is seen as critical to supplying enough power for AI data centers' massive electricity needs.
President Trump hinted Monday that the Iran war may be over soon — the latest in a series of occasions he has teased that the conflict might end.
Why it matters: Trump's messaging on the Iran war's endgame is all over the map as he attempts to make his case to the American people that the conflict will not lead to prolonged war.
Forget earnings reports or other corporate announcements, the stock market really has just two main catalysts this year: AI anxiety and President Trump.
Why it matters: It's like a pinball machine where the flippers are Truth Social and Anthropic blog posts.
More than two dozen wind farms across the U.S. are beingdelayed as the Trump administration sits on military reviews that wereonce considered routine.
Why it matters: The delays are dragging down a race led by tech companies — and backed by President Trump — to build power-hungry data centers to lead the global AI race.
Oil prices climbed above $116 per barrel after markets opened Sunday, as Iran-backed Houthi militants fired missiles and drones at Israel over the weekend and promised to continue attacks.
Why it matters: The high price that remained around the $116 a barrel mark late Sunday came as the war moved into its fifth week, showing little sign of abating despite President Trump's talk of diplomacy.
