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Oil Soars Past $91: How an Iran War Could Push Crude to $200

Key Points: Crude oil futures spiked over 4 percent as Middle East tensions exploded. A direct war involving Iran threatens to shut down the Strait of Hormuz. Closing this waterway traps millions of barrels and neutralizes global backup supplies. Refineries face severe crude shortages, pushing diesel prices up by 7 percent. Oil markets jumped wildly...

Pentagon Creates Rare Exemptions for Anthropic AI Ban Amid Legal Fight

Key Points: Pentagon leaders can grant rare exemptions to keep using Anthropic artificial intelligence tools. Defense officials reserve these waivers strictly for mission-critical national security operations. Contractors face massive hurdles trying to completely remove the software from their networks. The military still demands the swift removal of the technology from nuclear and missile defenses. The...

Gold Drops as War in Iran Drives Inflation Fears

Key Points: Gold dipped below 5,200 dollars an ounce on Wednesday. New US inflation data showed slowing prices before the Iran conflict began. The ongoing war is pushing oil prices up, sparking fresh inflation fears. A stronger US dollar and rising Treasury yields hurt the appeal of gold. Gold prices slipped on Wednesday after new...