Latest Business News
Oil Prices Surge Toward $100 Amid Iran War Escalation
Traders warn oil could hit $100 soon as Iran conflict rages, with ship traffic through Strait of Hormuz halted, pushing markets to a tipping point. Executives predict prices could rise in days without de-escalation.
Gas prices are in focus as tensions rattle energy markets globally.
US Economy Sheds 92,000 Jobs Last Month Due to Oil Surge
A dismal jobs report shows 92,000 jobs lost amid record-breaking oil prices from the Iran war. Stock markets reacted sharply to the employment downturn.
The conflict's economic ripple effects are intensifying business concerns.
Boeing Nears 500-Jet Order Ahead of Trump-Xi Summit
Boeing is close to securing a 500-jet order as President Trump prepares for a China summit at month's end. Talks include sales of larger wide-body jets.
This deal highlights aviation sector resilience amid global tensions.
Novo Nordisk and Hims End Feud, Partner on Obesity Drugs
Novo Nordisk plans to sell weight-loss drugs on Hims & Hers platform, ending their dispute with a partnership announcement expected Monday. The companies had a prior agreement scrapped over copycat meds.
Hims shares soared 40% in after-hours trading.
US Unable to Comply with Tariff Refund Court Order
Customs and Border Protection states it cannot comply with a judge's order to stop processing import duties. The issue stems from ongoing tariff battles.
This development complicates trade policy enforcement.
Trump Touts Progress in Iran Conflict
President Trump highlighted progress in Iran during speeches, demanding unconditional surrender as US hits 3,000 targets. He stated at a Miami summit that actions were necessary.
Escalation includes warnings of more bombings ahead.
Iran Claims Capture of US Soldiers in Conflict
Iran's Security Council chief Ali Larijani claims American soldiers taken prisoner amid fighting. He accuses US of misleading casualty narratives.
Competing claims intensify as confrontation grows.
Putin Calls Iranian Leader to Urge End to Hostilities
Russian President Putin spoke with Iran's Masoud Pezeshkian, calling for immediate halt to fighting and offering condolences over Khamenei's assassination. Moscow seeks to reduce tensions while possibly sharing US intel with Iran.
This raises fears of wider regional war.
India Allows Iranian Ship to Dock on Humanitarian Grounds
India permitted an Iranian vessel to dock in Kochi after it reported sea difficulties, prioritizing humanitarian needs and maritime law. The ship had visited for MILAN 2026 exercise before tensions rose.
EAM Jaishankar explained at Raisina Dialogue.
US Approves $129M Arms Sale to Israel Amid Iran Strikes
White House greenlights 129 million arms sale to Israel as Trump refuses Iran talks without surrender. Fresh Israeli strikes hit Tehran overnight.
This bolsters US-Israel escalation against Iran.
Trump Urges Defense Contractors to Boost Production
President Trump calls on top defense firms to ramp up output amid Iran war demands. Regional cooperation discussed at Shield of Americas Summit with Rubio.
Efforts focus on security and economic ties.