National

The oil risk premium shoots up

A line chart that tracks daily Brent crude futures per barrel from Oct. 23, 2025, to Oct. 23, 2026. Prices fell from $65.99 to a low of $58.92 on Dec. 16, 2025, then climbed unevenly to a high of $116.25 at the end, with sharp spikes in March 2026.

Brent crude futures

Data: Financial Modeling Prep; Chart: Emily Peck/Axios

Finish Line

Axios Finish Line

New signs of rising risks

Scoop: U.S. intel memo warns of "advanced" Iranian plots to kill officials abroad

Israeli military conducts massive "power projection" operation near Iran's border

Israeli military conducts "power projection" operation near Iran's border

Iran-backed militias sending money back to cash-starved IRGC, U.S. says

Inside Trump, Netanyahu's dilemma: Strike Iran before elections or wait

Macro

Axios Macro

IMF warns global economy nearing "limits of resilience"

U.K. prime minister attributes plot against U.S. bomber base to Iran

Trump: U.S. won't attack Iran before midterms

Military ordered to be ready for possible Iran strikes as Trump weighs timing

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