U.S. wholesale inflation came in hot last month. Producer prices rose 6% from a year earlier, the most since December 2022

Over the next year or more, Americans could also see higher food prices due to spiking fertilizer costs, since around 30% of the world’s fertilizer travels through the Strait of Hormuz

Ship operators rely on a sludgelike substance known as bunker fuel to keep vessels running. The Iran war ‘s closure of the Strait of Hormuz has choked off the supply of this fuel that powers the global maritime industry and its largest refueling hub in Asia

The Labor Department’s consumer price index rose 3.8% from April 2025, according to data released Tuesday. Grocery prices rose 0.7% from March to April, as meat prices rose

He said the price of oil and gas would drop “like a rock” as soon as hostilities are over. Asked how long the suspension would last, he said “until it’s appropriate.”

America’s employers delivered a surprising 115,000 new jobs last month despite an economic shock from the Iran war

The U.S. stock market is holding near its records Thursday as oil prices keep dropping on hopes that a deal may be nearing to allow tankers to carry crude once again from the Persian Gulf to customers

Tones Cones and Scoops R Us, 523 W. Main St., Ottawa, has opened for the season, serving ice cream.

Fajitas Mexican restaurant has opened in a new location.