oil prices
5 briefs
Pump Relief as Political Triage
Gas hit $4.52. Trump wants to kill the gas tax. Congress needs to pass it. The Highway Trust Fund will pay.
Trump Started a War That Is Preventing the Rate Cuts He Wants
The Iran war has created an oil-driven inflation shock that is pushing the Federal Reserve toward rate hikes, the opposite of everything Trump has demanded for two years.
The IMF Says 2027 Could Be Much Worse. Nobody Is Planning for It.
IMF chief Georgieva warned that if the Iran war extends into 2027, global growth falls to 2.5% and inflation hits 5.4%. The adverse scenario is already partially in motion.
The Iran War Is Costing the World Enough to Buy a Recession. Nobody Is Presenting the Bill.
The IMF says the war has already erased gains from the AI boom and is pushing the world toward its adverse scenario. The markets price a 28.5% chance of US recession. The price is rising.
The Spring Housing Market Is Dead. Oil at $115 Killed It.
Existing-home sales fell 3.6% in March. The NAR slashed its 2026 forecast from 14% growth to 4%. The Iran war doubled oil prices and pushed mortgage rates back above 6%, and now the most important homebuying season of the year is starting cold.