energy prices

The UK economy grew by 0.4% during the second quarter. This expansion occurred as businesses managed to weather a surge in energy prices.

South Korea’s 30-year government bond yield reached a record high. This increase was driven by elevated energy prices and weaker demand originating from life insurers. These combined factors intensified pressure within the debt market.

Glencore Plc reported a significant increase in profits driven by higher commodity prices and strong performance in its trading unit. The company attributed the surge to a boost in copper prices and elevated energy prices caused by the Iran war.

President Trump took questions on the war with Iran, immigration, energy prices, and the Reflecting Pool in the Oval Office on Monday. CBS News' Natalie Brand provided additional context after his remarks.

America's biggest oil companies are reporting massive profits as the Iran war disrupts global energy supplies and drives energy prices higher. CBS News business contributor Javier David provides analysis on the situation.

The U.S. economy slowed in the spring due to the Iran war's impact on growth, but consumer spending increased by 3.2% and business investment remained strong, offsetting higher energy prices and rising imports.

Iran struck two oil tankers under US aerial escort in the Hormuz strait, according to the Islamic Revolutionary Guard Corps, as Donald Trump convened his cabinet to address the escalating conflict and rising energy prices. The attack occurred amid renewed US-Iran tensions, with four other tankers altering course following the incident.

Exxon Mobil and Chevron reported significant profit increases in the second quarter, with Exxon Mobil doubling its profits to $14.53 billion and Chevron nearly quadrupling its profits to $12.07 billion. The rise in profits is attributed to U.S. and Iran tensions driving energy prices higher.

Energy companies Exxon and Chevron are earning significant profits as rising energy prices result from conflict between the US and Iran. The increased profits are attributed to the ongoing US-Iran conflict driving up energy prices.

Senate Republicans blocked a resolution directing President Trump to withdraw U.S. troops from hostilities with Iran. The Senate voted 49-50 against the measure, despite growing GOP discomfort over the war's expansion and its impact on energy prices.

The article explains that energy prices did not rise sharply this year, highlighting China's unexpected role in stabilizing energy markets as a shock absorber. Daniel Yergin is cited as the expert discussing China's impact.

A key inflation gauge has fallen due to a 9% drop in energy and gasoline prices in June, linked to a now-defunct US-Iran ceasefire agreement. Economic growth is slowing, yet the Federal Reserve may still consider raising interest rates.

The decline in PCE inflation observed in June is expected to reverse in July due to rising energy prices. Higher energy costs this month will push the inflation measure upward again.

The Bank of England warned that renewed U.S.-Iran conflict could drive energy prices higher, risking inflation and economic instability in the U.K. The central bank kept interest rates unchanged but acknowledged uncertainty over the war's impact, modeling scenarios where inflation could peak at 3.2–4.5% by 2027. MPC members were divided, with three voting for a rate hike.

Inflation in the U.S. decreased to 3.7% in June as the PCE price index annual rate declined from 4.1% in May, primarily due to falling energy prices linked to a short-lived ceasefire in Iran.

The Bank of England has decided to hold interest rates amid fluctuating energy prices. Most rate-setters indicated they are prepared to adjust rates in response to changes in oil and gas costs.

The Bank of England is expected to adopt a firm tone in its statement but will keep interest rates unchanged. This decision is influenced by renewed volatility in energy prices.

The Bank of England (BOE) is expected to maintain current interest rates amid fluctuations in energy prices. The decision reflects uncertainty in energy market stability.

The Dow experienced its worst day since April 2025 as investors reacted to the Federal Reserve's decision to maintain interest rates despite ongoing inflation and rising energy prices. Barron's Emily Russell provided analysis on the market reaction.

The Federal Reserve maintained interest rates, though three officials supported a rate increase amid inflation and energy price spikes linked to the Iran war. President Trump announced a $22 billion airport overhaul, and Japan's earthquake death toll reached 18.

The Federal Reserve's current decision to maintain interest rates has shifted focus to the possibility of a rate hike in September. An economist warns that rising energy prices due to geopolitical tensions could prompt such a move.

The US Federal Reserve maintained interest rates for the fifth consecutive meeting since December, despite Donald Trump's calls to lower them. Cooler inflation data reduced immediate rate hike expectations, but rising energy prices linked to a tenuous US-Iran peace deal complicated the decision. The Fed's FOMC voted 9-3 to keep rates unchanged, with three members dissenting in favor of a rate increase.

The Bank of England may increase interest rates this year if energy prices remain elevated. The decision is based on the July forecast from the FT’s Monetary Policy Radar team.

President Trump ran on a pledge to bring down energy costs, but a year and a half into his second term, prices of both gasoline and electricity are rising. While he was on the campaign trail, Trump promised to cut power prices by 50 percent.

Energy prices in Michigan's 7th Congressional District are influencing the competitive race between Republican Tom Barrett and Democratic voter Christine Waugh-Fleischmann, with gas prices rising 32% after the Iran war. Governor Gretchen Whitmer declared an energy emergency, but prices continued to climb, fueling voter frustration and shifting political dynamics.

Investors anticipate a Federal Reserve rate rise following a sharp increase in energy prices. The surge in oil prices has made the upcoming US central bank meeting a focal point for market expectations.

Global bonds are experiencing significant losses due to a resurgence in energy prices, which has raised concerns about renewed inflation. The price surge is testing the credibility of central bankers and impacting investors who believed the market downturn had ended.

Gold prices declined as rising energy costs and expectations of tighter US Federal Reserve monetary policy to control inflation weighed on the market. The widening conflict in the Middle East further pressured energy prices.

The European Central Bank has decided to keep interest rates unchanged due to uncertainty about how fluctuating energy prices might impact inflation.

German bond yields reached a 15-year high as rising energy prices and inflation expectations led to expectations of interest-rate hikes ahead of the European Central Bank's decision.

U.S. wholesale inflation fell 0.3% in June due to plunging energy prices, but rising tensions with Iran are creating uncertainty. Year-over-year wholesale prices increased 5.5%, down from 6% in May, while core wholesale prices rose 4.7% compared to June 2025. Producer prices dropped alongside consumer prices, easing pressure on the Federal Reserve to raise interest rates, though inflation remains above its 2% target.

Consumer prices increased 3.5% annually in June, below the expected 3.8% rise, as energy prices declined. The easing of energy costs contributed to the lower-than-anticipated inflation rate.

Inflation slowed in June with a 0.4% monthly drop in the consumer price index, driven by a 5.7% decline in energy costs, though the 12-month rate remained at 3.5%. The Trump administration's ceasefire between Israel and Iran temporarily stabilized energy markets, but recent regional fighting has disrupted the Strait of Hormuz, a key energy route.

Inflation in the US dropped to 3.5% in June as a brief US-Iran ceasefire temporarily reduced energy prices. The ceasefire has since ended, and recent strikes have pushed oil prices higher again, with gas prices up 70 cents per gallon compared to last year. Core inflation, excluding volatile energy and food prices, fell slightly to 2.6%.

India's inflation rate rose to 4.38% in June, marking the eighth consecutive month of increase. The rise is attributed to higher food and energy prices driven by the Iran war and insufficient rainfall.

Europe’s central bankers are considering a 'one-and-done' rate rise, contingent on lower energy prices and minimal indirect effects from the ongoing conflict in the Gulf. The European Central Bank (ECB) aims to assess these conditions before making a decision.

Data centers are becoming a contentious issue in gubernatorial races as political candidates face pressure over AI infrastructure, energy prices, and land use concerns. The backlash against these facilities is forcing both incumbents and challengers to address public anxieties about their impact.

Gold prices declined as U.S. strikes against Iran pushed energy prices higher and heightened inflation concerns. The attacks intensified worries about economic inflation risks.

The IMF reduced its 2026 global growth forecast to 3% due to high energy prices from the Iran conflict, which is slowing economic growth and raising inflation. The fund noted AI demand helped avoid a sharper downturn and expects growth to rebound in 2027, while the US Federal Reserve remains divided over interest rate adjustments amid uncertainty about prolonged energy price impacts.

Heat waves increase electricity demand for air conditioning, straining power grids and raising blackout risks. France and the US are experiencing heightened risks, with energy prices rising during peak usage periods.