As Western nations back Israel, Iran threatens to close Strait of Hormuz, upend global economy

The strait, between the Persian Gulf and the Gulf of Oman, provides the only water passage from the Persian Gulf to the Arabian Sea ... Read More

Crude Oil Prices Take a Surprising Dive: It's Now Cheaper Than Before Israel-Iran Conflict

Oil prices, which had surged following the start of the Iran-Israel conflict and reached a five-month peak last week, saw a sharp decline on Monday after Iran carried out missile strikes on US ... Read More

Why oil prices are falling and what it means for the economy

President Trump promised that during his presidency gasoline prices would drop and U.S. oil production would boom. One of those things is happening. Prices at the pump have indeed gone down ... Read More

As oil plunges, Kremlin sees a global economic storm

The plunge in oil prices poses a direct threat to Russia, which is spending hundreds of billions of dollars on its military campaign in Ukraine, Russia's most expensive military operation since ... Read More

Weekly economic wrap: Dramatic jumps for gold and oil

Missiles and drones raining on Iran from Israel had an immediate effect on the global and local economy, with the prices of oil and gold increasing. Read More

Why oil prices are falling and what it means for the economy

Between tariffs roiling the global economy and OPEC putting more barrels on the market, prices have dropped significantly since January. That's good for consumers, and bad for oil companies. Read More

Why oil prices are falling and what it means for the economy

Now, cheaper crude can help keep gasoline prices low, but on the flip side, it's unwelcome news for U.S. oil companies. NPR's Camila Domonoske is here to explain. Hi, Camila. Read More