Prices briefly spiked by US$10 but have since eased. It appears that the market is assessing whether the hostilities will escalate. If so, the impact on energy prices and inflation could be more ...

The US is a net exporter of oil. But higher crude prices would only add to the challenges the US economy is already facing. The Fed updated economic projections last week, marking down its forecast ...

"This would seem like a victory for the world and yet would produce $400 billion of annual revenue for US taxpayers." ...