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U.S. wholesale prices climbed 6% year-over-year in April 2026, the largest annual gain in more than three years, as energy costs tied to the ongoing U.S.-Israel-Iran war pushed producer inflation well above expectations. Gasoline Prices Jump 15.6% in April as Iran War Drives Worst U.S. Wholesale Inflation in 3 Years The Bureau of Labor Statistics … Read more
The U.S. Bureau of Labor Statistics reported April 2026 Consumer Price Index data on May 12, showing headline inflation climbed to 3.8% year-over-year, above the 3.7% analyst consensus and up from 3.3% in March. Gasoline Prices Push U.S. CPI to 3.8% in April, Highest Reading Since Late 2025 The monthly CPI-U rose 0.6% on a … Read more
The U.S. national average price for regular unleaded gasoline reached $4.52 per gallon on May 10, 2026, directly contradicting President Donald Trump’s assertion that prices had dropped sharply. U.S. Gas Prices Are up $1.40 From Last Year Trump made the claim during a press exchange this week when reporters asked about his Middle East strategy … Read more
President Donald Trump told Congress on Thursday that U.S. military hostilities with Iran have ended, a declaration timed to the 60-day deadline under the War Powers Resolution of 1973 that gives markets and investors a clearer geopolitical signal heading into May. Key Takeaways: Trump declared U.S.-Iran hostilities “terminated” on May 1, bypassing the War Powers … Read more
U.S. Secretary of War Pete Hegseth said this week that Bitcoin is part of classified Defense Department efforts to project power and counter China. Key Takeaways: Pete Hegseth told Congress on April 30, 2026, that Bitcoin efforts are classified inside the Pentagon. Samuel J. Paparo Jr. confirmed INDOPACOM runs 1 Bitcoin node and tests protocol … Read more
President Donald Trump directed aides to prepare for an extended naval blockade of Iranian ports, pushing Brent crude above $115 per barrel on April 29 and widening what the International Energy Agency called the largest supply shock on record. Key Takeaways: Brent crude climbed above $115 per barrel on April 29 as Trump ordered preparations … Read more
The United Arab Emirates officially withdrew from OPEC and the broader OPEC+ alliance on April 28, 2026, and bitcoin fell below $76,000 within hours of the announcement. Key Takeaways: The UAE exits OPEC on May 1, 2026, ending 59 years of membership and removing OPEC’s third-largest producer. Bitcoin fell from a weekly high of $79,490 … Read more
President Donald Trump declared Thursday that the United States has total control over the Strait of Hormuz and that no ship can enter or leave without U.S. Navy approval. Key Takeaways: President Trump declared on April 23, 2026, that the U.S. Navy has sealed the Strait of Hormuz pending an Iran deal. Iran seized two … Read more
Bitcoin dropped below $74,000 Saturday evening after Iran rejected a second round of in-person peace talks with the United States, triggering a risk-off selloff across crypto markets. Key Takeaways: Bitcoin fell to approximately $73,753 on April 19, 2026, after Iran rejected a second round of U.S. peace talks. Iran’s refusal to negotiate stalled Strait of … Read more
Gold jumped nearly a percentage point during its last trading session, trading at $4,829 per troy ounce as a softer U.S. dollar and geopolitical developments out of the Middle East kept buyers active through a thin weekend session. Key Takeaways: Gold spot prices reached $4,829 per troy ounce at the end of the week, marking … Read more