Mike Wirth
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Analysis: An end to the Iran war may be just the beginning of a new era of U.S. inequality
For some Americans' finances, the Iran war was over almost as soon as it began. Those with access to stocks — a majority of Americans have some, though the ultrawealthy have most — saw the S&P 500 dip about 8% when the war started, only for it to bounce 19% starting in late March, more than making up its losses. The index is now up 10.7% for the year, which if it held would make for the fourth consecutive year of double-digit stock increases.
The back-channel bid to go soft on Maduro
When Marco Rubio was named secretary of State, many in both South Florida Republican circles and the American energy industry exulted. But one man who bridged both worlds knew he had a problem. A longtime investor in Venezuela, the main source of crude oil needed to produce the asphalt that had made his family rich, Harry Sargeant III kept relations with top officials in Caracas even as they seized most foreign oil holdings.
Oil execs warn Trump that Iran war will cause gas prices to spike within weeks due to dwindling supplies: report
Oil execs warn Trump that Iran war will cause gas prices to spike within weeks due to dwindling supplies: report President Trump and administration officials have insisted gas prices will come down as soon as the war ends, but there is no deadline in sight - Bookmark - CommentsGo to comments Several oil industry executives have reportedly privately warned the White House that the ongoing closure of the Strait of Hormuz is straining global oil inventories and could lead to gas price spikes in...
Fed Chair Warsh makes first hires at central bank, including ‘Project 2025’ author
Federal Reserve Chair Kevin Warsh has hired two conservative economic policy researchers to work with him at the central bank, a person familiar with the matter told CNBC. The two researchers are Paul Winfree, the author of the chapter on the Federal Reserve in the conservative policy blueprint "Project 2025," and Daniel Heil, a fellow at Stanford's Hoover Institution think tank, where Warsh held a position before joining the Fed. The two are "working as temporary contractors to support...
Iran war: Even a peace deal won't fix energy crunch
Iran war: Even a peace deal won't fix energy crunch June 4, 2026As the Iran war approaches 100 days on Sunday, a comforting but flawed assumption has taken hold. Many policymakers, businesses and investors believe that a rapid reopening of the Strait of Hormuz will quickly bring down energy prices, once stranded oil and gas tankers can finally leave the Gulf. Yet top oil executives, shipping sector leaders and economists are predicting the opposite.