latest news in economy
Oil Prices Surge Past $104 as Trump Threatens Iranian Energy Infrastructure
Washington, D.C., Thursday, 2 April 2026.
President Trump’s April 2026 warning to potentially decimate Iran’s oil infrastructure sent equity markets tumbling, with crude oil surging past $104 per barrel despite ongoing ceasefire negotiations.
Cooling Job Market Allows Federal Reserve to Hold Interest Rates Steady Amid Energy Crisis
Washington, Thursday, 2 April 2026.
With hiring hitting a six-year low and fewer available jobs than unemployed workers, the Federal Reserve can safely keep interest rates stable despite the recent global energy price surge.