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By Tim Lister, CNN (CNN) — If the United States assumed, before attacking Iran, that the major oil producer would be reluctant to close the Strait of Hormuz for fear of blocking its own oil exports, it miscalculated. Traffic through the strait, through which a fifth of the world’s oil output normally flows, has been

By Brian Stelter, CNN (CNN) — Every day brings a new complaint — or three — from the Trump administration about the American news media’s coverage of the Iran war. President Trump is using words like “criminal” and “unpatriotic” to assail media companies. His FCC chairman, Brendan Carr, is threatening broadcasters’ licenses. His defense secretary,

By Nathaniel Meyersohn, Hadas Gold, CNN New York (CNN) — Anthropic’s high-stakes gamble to take on the Trump administration could give it an advantage in the AI race. The AI company says it’s at risk of losing hundreds of millions of dollars in government contracts from the Trump administration’s designation of the company as a

By Auzinea Bacon, David Goldman, Hanna Ziady, CNN New York/London (CNN) — Oil and gas prices remained high Monday following attacks on Middle East oil facilities over the weekend – and after the White House suggested the war with Iran could last several more weeks. Gas prices in the United States rose 2 cents to

By Ramishah Maruf, CNN New York (CNN) — When Melanie, also known as “Uhbucky” on social media, posted a fan edit of “Heated Rivalry,” she didn’t know it would lead to her dream job. “I watched (the edit) so many times, it kind of like lost any spark to me,” Melanie, 25, said, referring to

By Bryan Mena, Elisabeth Buchwald, CNN Washington (CNN) — The US economy was on shaky footing even before President Donald Trump plunged the United States into a war with Iran, a battery of new data released Friday showed. At the end of last year, economic growth was anemic, the Commerce Department said Friday, dragged down

By Jeanne Sahadi, John Towfighi, CNN (CNN) — It’s hard not to be worried by the avalanche of upsetting news stemming from the decision of the US and Israel to launch a war on Iran. Nor about how that decision will affect the world’s economies and markets for months, if not years to come. No

By Luciana Lopez, Stephanie Yang, CNN (CNN) — Oil prices traded near their highest level since 2022 Friday, shrugging off the Trump administration’s earlier decision to temporarily allow the delivery and sale of sanctioned seaborne Russian crude – a waiver aimed at mitigating a surge in prices following its attacks on Iran. The license, posted

By Ramishah Maruf, CNN New York (CNN) — Buzzfeed, the digital media company that took the mid-2010s by storm, said on Thursday it has “substantial doubt” about its ability to continue as a business. In an earnings report released Thursday, Buzzfeed said it has engaged in “strategic conversations” about relieving its liquidity issues. “We believe

By Samantha Delouya, CNN (CNN) — A bipartisan group of senators passed a bill Thursday aimed at improving housing affordability. The measure contains roughly 40 provisions intended to increase housing supply and lower costs. It remains to be seen if it can pass the House as is, and comes one month after the House of

CNN, POOL, SENATE TVL HOUSE TV By Samantha Delouya, CNN (CNN) — A bipartisan group of senators passed a bill Thursday aimed at improving housing affordability. The measure contains roughly 40 provisions intended to increase housing supply and lower costs. It remains to be seen if it can pass the House as is, and comes

By Bryan Mena, CNN Washington (CNN) — US mortgage rates climbed this week as investors fret the economic impact of President Donald Trump’s war on Iran, undoing some of the welcomed progress in housing affordability. The average rate of a standard, 30-year fixed mortgage was 6.11% in the week ending March 12, according to a

By John Towfighi, CNN New York (CNN) — Stocks fell and global oil prices settled at $100 per barrel for the first time since 2022 as the effective closure of the Strait of Hormuz continued to roil markets. The major US stock indexes each closed lower by more than 1.5%, extending a recent bout of

By Elisabeth Buchwald, CNN (CNN) — Ever since the US and Israel struck Iran, the jump in oil and gas prices has become a major focus for markets and consumers alike. But that’s only the top of a long list of goods that stand to get more expensive. With oil prices shooting up, the cost

By John Liu, Hanna Ziady, CNN Hong Kong/London (CNN) — Brent crude oil hovered around $100 a barrel Thursday, after Iran’s new leader said the Strait of Hormuz would remain shut and as further attacks on ships in the Gulf spooked energy traders. In comments delivered by an anchor on Iranian state television, Mojtaba Khamenei

By Harmeet Kaur, CNN (CNN) — This week, as the US and Israeli war against Iran continued to expand across the Middle East, traders and analysts have been fretting about “Brent” as if he’s an old, wayward friend: “Brent” got the highest anyone had seen in years on Monday. Later in the day, “Brent” fell

CNN By Elisabeth Buchwald, CNN (CNN) — Annual inflation was unchanged last month at 2.4%, according to the latest Consumer Price Index, released Wednesday. On a monthly basis, prices rose 0.3% in February, a faster pace than January’s 0.2%, according to the Bureau of Labor Statistics. The February inflation data was gathered before the United