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Goldman raises recession odds to 30% on higher inflation, lower GDP outlook as oil prices surge

Goldman said it expected six weeks of Hormuz disruption, with Brent crude averaging $105 per barrel in March and $115 in April before retreating to $80.

By Nick LichtenbergMarch 25, 2026

‘Russia is the only one responsible’: Moldova imposes 60-day energy emergency after Russian strikes in Ukraine

By The Associated Press, Stephen McGrath and Aurel ObrejaMarch 24, 2026

trump

Iran, the $39 trillion national debt and dedollarization: How Trump exposed America’s Achilles Heel in Hormuz

By Nick LichtenbergMarch 24, 2026

Farmer standing in front a soybean farm

Soaring fertilizer prices could pressure a U.S. agricultural industry that supports 50 million jobs and over $10 trillion in output

By Tristan BoveMarch 24, 2026

As war continues to rage, the World Economic Forum is the latest to postpone Gulf conference in Saudi

By Kamal AhmedMarch 24, 2026

Current price of oil as of March 24, 2026

Current price of oil as of March 24, 2026

By Joseph HostetlerMarch 24, 2026

Latest Stories

Newsletters The growing problem of ‘tech addiction’ spawns a new detox economy

By Allie GarfinkleMarch 25, 2026

America’s largest Medicaid insurer is making a move into building affordable housing, Centene CEO Sarah London announced at Fortune's Brainstorm Health conference in Dana Point, Calif., on Monday, May 20, 2024.

Newsletters The youngest-ever female Fortune 500 CEO is reinventing the largest Medicaid insurer amid funding cuts and rising costs

By Diane BradyMarch 25, 2026

Personal Finance Today’s top high-yield savings rates: Up to 5.00% on March 25, 2026

By Glen Luke FlanaganMarch 25, 2026

Personal Finance Top CD rates today, March 25, 2026: Lock in up to up to 4.20%

By Glen Luke FlanaganMarch 25, 2026

Newsletters AI plot twist: Why did OpenAI kill its Sora video star?

By Alexei OreskovicMarch 25, 2026

retirement

Commentary Our retirement system gets a C-plus; policymakers have an opportunity to make it A grade

By Chris MahoneyMarch 25, 2026

America’s Most Innovative Companies

By FortuneMarch 25, 2026

david-f

Commentary Europe has survived 3 energy shocks in 4 years. The only way out is to stop buying power from its enemies

By David FrykmanMarch 25, 2026

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xi jinping

Middle East ‘The United States is undermining itself’: China is ignoring Trump’s Hormuz request as the Iran war deepens and his Beijing trip slips

By The Associated Press and Didi TangMarch 18, 2026

Trump frowns

Economy White House suspends the Jones Act for 60 days. Analysts see a gas price impact of 3 cents

By Wyatte Grantham-Philips and The Associated PressMarch 18, 2026

Director of National Intelligence Tulsi Gabbard with Trump

Politics Tulsi Gabbard won’t say whether she warned Trump that Iran could block the Strait of Hormuz

By The Associated Press, Eric Tucker, David Klepper and Stephen GrovesMarch 18, 2026

Chris Wright, US energy secretary sitting next to US President Donald Trump

Energy Trump officials say gas prices will return to normal in ‘a few more weeks,’ but his own Energy Department says it will be 2027

By Tristan BoveMarch 18, 2026

Traders work on the floor of the New York Stock Exchange during morning trading on March 18, 2026 in New York City.

Energy Oil prices hit nearly $110 as Iran vows to escalate the war in ‘new ways’

By Eva RoytburgMarch 18, 2026

guillaume

Commentary The U.S. attacked Iran to show its power but the war is already lost. Epic Fury looks like an Epic Fail

By Guillaume LongMarch 18, 2026

A sign displays the price of diesel fuel, which is at $5.99 at a Maverick gas station

Energy ‘I just want all of it to end’: U.S. gas prices reach highest level since 2023 with no end for the Iran War in sight

By Wyatte Grantham-Philips and The Associated PressMarch 18, 2026

A technician in Germany works on a battery system for a Volkswagen electric vehicle.

Economy The world’s EVs were already replacing 70% of Iran’s oil exports. The war just made that matter

By Tristan BoveMarch 18, 2026

Customer Jann Gregg of Schenectady pumps gas at the GasWay Xpress Mart at 1120 Erie Blvd. pump gas on Wednesday, Dec. 3, 2025, in Schenectady, N.Y.

Economy Economists are ‘loath’ to call a recession, but the odds just hit 49% for the next 12 months according to Moody’s top economist

By Eleanor PringleMarch 18, 2026

PHOTO: DONALD TRUMP

Big Tech As Trump rages against his allies, Republicans are asking what the plan is to end the chaos in Iran

By Jim EdwardsMarch 18, 2026

man in a suit

Politics Who is Joe Kent? Meet the Green Beret, MAGA loyalist, and former political candidate who quit over Iran

By Catherina GioinoMarch 17, 2026

trump

Commentary Trump’s Iran War looks improvised. It isn’t. Here’s the playbook he’s been running for decades

By Jeffrey Sonnenfeld and Steven TianMarch 17, 2026

Trump yelling, camera looking up from an angle

Politics ‘We started this war due to pressure from Israel and its powerful American lobby:’ Trump’s National Counterterrorism Center director resigns over war

By The Associated Press and Seung Min KimMarch 17, 2026

Current price of oil as of March 17, 2026

Personal Finance Current price of oil as of March 17, 2026

By Joseph HostetlerMarch 17, 2026

trump

Politics Either Trump is lying or the 4 other living presidents are, about war on Iran

By Darlene Superville, Steven Sloan and The Associated PressMarch 17, 2026

constantine

Commentary The next energy superpower will make its own fuel

By Gregory ConstantineMarch 17, 2026

Jeremy Siegel, the Russell E. Palmer Professor of Finance at the Wharton School, speaks during the Wharton Global Alumni Forum in Madrid, Spain, on Thursday, June 24, 2010.

Economy A market correction of 10% could be on the cards as consumer psychology shifts due to gas prices, says top economist

By Eleanor PringleMarch 17, 2026

Photo: President Trump.

Economy Backchannel talks between U.S. and Iran offer Trump an off-ramp—if he wants it

By Jim EdwardsMarch 17, 2026

Photo of Ray Dalio

Middle East Ray Dalio warns a brutal ‘final battle’ for the Strait of Hormuz is coming—and losing could end the American empire

By Eva RoytburgMarch 17, 2026

Smoke rises from the direction of an energy installation in the Gulf emirate of Fujairah on March 14, 2026. Smoke could be seen rising from the direction of a major UAE energy installation on March 14, in what appeared to be the latest strike targeting the Gulf's petroleum facilities hours after the US struck Iran's Kharg Island.

Energy Venezuela has the world’s largest proven oil reserves, but it can’t solve for the Strait of Hormuz ‘math problem’

By Jordan BlumMarch 17, 2026

U.S. President Donald Trump listens during a press conference with Ukrainian President Volodymyr Zelensky following their meeting at Trump’s Mar-a-Lago club on December 28, 2025 in Palm Beach, Florida.

Politics ‘Blackmail is also not what I wish for’: America’s allies are ghosting Trump on Strait of Hormuz

By Eva RoytburgMarch 16, 2026

President Donald Trump at the White House

Economy The energy crisis isn’t recessionary yet, but there’s a scenario where oil prices could bring the US economy to a ‘standstill,’ Oxford Economics says

By Tristan BoveMarch 16, 2026

Middle East Iran’s attacks have collapsed, and the trend is ‘overwhelmingly positive,’ analysts say. But the military side is separate from politics and markets

By Jason MaMarch 16, 2026

bessent

Middle East Bessent talks oil, accuses media of ‘trying to make it into some crisis that it’s not’

By The Associated PressMarch 16, 2026

iran

Middle East Iran minister mocks Trump for ‘begging’ for help on reopening Hormuz, claims attacks came from UAE

By Jon Gambrell, Sam Mednick, Konstantin Toropin, Samy Magdy and The Associated PressMarch 16, 2026

gutman, shah

Banking Goldman’s top international execs say the Iran war has parallels to the Russia’s invasion of Ukraine, but there are key differences

By Nick LichtenbergMarch 16, 2026

Photo: Donald Trump

Energy With Iran still in control of Hormuz, Trump threatens NATO and oil hits $106

By Jim EdwardsMarch 16, 2026

Energy Despite Greenland crisis, Trump suggests NATO owes him help on Iran war after U.S. support for Ukraine. ‘We’ve been very sweet’

By Jason MaMarch 15, 2026

Middle East Trump leaves allies and foes guessing on his endgame for Iran

By Peter Martin, Fiona MacDonald, Donato Paolo Mancini, Alberto Nardelli and BloombergMarch 15, 2026

Commentary The closed Strait of Hormuz is testing Asia’s energy security. The answer lies across the Pacific—in Canada

By Barrett BingleyMarch 15, 2026

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