War with Iran Sparks Rising Fuel Prices and Stock Market Turmoil Hit Home

Why the U.S. is now more resilient to oil price shocks

The U.S. economy is much less oil-intensive than it used to be, producing more economic value with far less oil use today than in the past.

War with Iran sparks rising fuel prices and stock market turmoil hit home

The war with Iran is an unnecessary disaster, destabilizing the Middle East and causing economic pain at home through rising fuel prices and stock market turmoil. The administration has failed to provide a clear or honest reason for this conflict, instead offering contradictory statements that don’t justify choosing violence over diplomacy.

Asian Markets Tumble Amid Iran Conflict, Sustaining High Oil Prices and Dampening Rate-Cut Prospects

Asian stocks experienced a downturn on Friday, marking a second consecutive week of declines. The ongoing conflict involving the U.S. and Israel against Iran has dimmed hopes for a swift resolution, maintaining elevated oil prices and casting uncertainty over global markets, leading to inflation concerns. In the midst of this turmoil, the U.S. dollar has emerged as the preferred safe-haven currency, exerting pressure on other currencies. It is o…

Cenovus Energy Stock Hits 52-Week High as Oil Prices Surge Toward $100

Cenovus Energy shares rose 4.6% to C$32.18 Thursday, hitting a 52-week high as oil neared $100 a barrel amid record supply disruptions from Middle East conflict. The company forecast 2026 upstream production of up to 985,000 boepd after acquiring MEG Energy. Broader markets fell, but energy stocks surged. Goldman Sachs raised oil price forecasts, citing ongoing risks to Strait of Hormuz flows. The post Cenovus Energy Stock Hits 52-Week High as O…