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IEA plans to release 400 million barrels of oil to curb the impact of war in Iran

According to the International Energy Agency, export volumes of crude and refined products are currently at less than 10% of prewar levels. A group representing many of the world’s wealthiest countries agreed Wednesday to release the largest volume of emergency oil reserves in its history, i...

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The Iran war made oil prices more expensive. Your groceries could be next

Fertilizer that our food system relies on moves through the Strait of Hormuz, where global shipping has been essentially halted. The United States military action in Iran is making some Americans concerned about what they’ll pay at the pump to fuel their vehicles. But that’s not the only price spi...

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The TSA website has a warning travelers should know about right now

About 50,000 TSA screeners are working without pay during the shutdown, leading to staffing shortages and massive security delays at some airports. If you’re traveling soon, some grueling wait times at the airport may be in your future thanks to a partial government shutdown. But to make matt...

1044 views
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U.S. homes sales increase in February amid easing mortgage rates

Home prices continued to rise last month, albeit more slowly. Sales of previously occupied U.S. homes picked up in February from the previous month as home shoppers took advantage of easing mortgage rates and a modest increase in properties on the market heading into the spring homebuying season.

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The $150 oil shock might be exactly what our future needs

A crisis in the Strait of Hormuz is terrifying. But what if expensive oil isn’t a bug in the transition to a green, knowledge-based economy, but a feature? The oil markets are rattled. Iran’s closure of the Strait of Hormuz—through which a fifth of the world’s oil flows—have sent prices...

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