Gold edged down amid mounting inflation concerns after US President Donald Trump’s order to blockade the Strait of Hormuz deepened the global energy-supply shock. Bullion fell as much as 2.2% to trade below $4,650 an ounce before retracing much of the loss. Trump said...

Harvest-ready rice fields are lying idle and farmers are deciding whether to skip planting for the coming season, as spiking fuel and fertilizer costs from the war in the Middle East hit one of the world’s biggest rice-growing regions. Across Southeast Asia, tens of...

Oil edged lower in relatively light trading before highly-anticipated talks between Iran and the US, negotiations that will dictate the path ahead for their fragile truce. West Texas Intermediate fell 1.3% to settle below $97 a barrel, with futures down about 13.4%...

US inflation surged in March by the most in nearly four years as the war with Iran sent gasoline prices skyrocketing. The consumer price index rose 0.9% from February, according to data out Friday. From a year ago, it was up 3.3%, the strongest pace since 2024. A...

U.S. consumer sentiment fell to a record low in early April as inflation concerns tied to the Iran conflict intensified, while new data showed a sharp rise in consumer prices driven largely by gasoline costs. The University of Michigan’s preliminary sentiment index...

Pawn shop owners across the US say they’ve seen an increase in demand for loans in the past month or so, a sign of just how punishing higher gas prices are for some Americans. “We’re making a lot more loans,” said Tim Cassidy, the fourth generation in his family to...