U.S. consumer prices accelerated in August as the cost of gasoline rebounded after two straight monthly declines, bolstering market expectations that the Federal Reserve will raise interest rates next week.

A sharp spike in energy costs pushed the consumer price index higher in August, fueling the odds of a Federal Reserve rate hike next week.

Inflation is being driven by the high cost of oil resulting from the conflict between the U.S. and Iran. Wholesale inflation rose 0.4% in August, driven higher by rising oil prices that have sent the global cost of a barrel of oil to $100,

The producer-price index rose 0.4% in August, versus a 0.1% increase in July. The reading was in line with economists’ forecasts.

The United States has succeeded in loosening Iran's grip over the Strait of Hormuz while virtually shutting down Iran's own exports

The United States has succeeded in loosening Iran's grip over the Strait of Hormuz while virtually shutting down Iran's own exports. But the conflict is far from over and remains costly for

The U.S. military says it destroyed five Iranian oil tankers Tuesday after the Islamic Revolutionary Guard targeted another American warship. The U.S. ship evaded Iran's missiles and no one was

In recent weeks, the United States has succeeded in loosening Iran’s grip over the Strait of Hormuz while virtually shutting down Iran’s own oil exports, accelerating its economic free fall. But the war launched by the US and Israel in February — intended to last a few weeks — is still far from over,

Russia’s production of crude oil shrank in August, lagging further behind its OPEC+ quota, after Ukraine stepped up attacks on the nation’s oil assets.

Ukraine’s constant drone bombardment of Russia has severely depleted the country’s oil-refining capabilities. For several months, Kyiv has launched wave after wave of drone strikes targeting Russia’s

Russia's total military losses in Ukraine have reached 1,500,870, Ukraine's General Staff said on Sept. 9, marking another grim milestone in the war for the Kremlin. It took roughly two years and three months for the Russian Armed Forces to incur their first 500,

Ukraine said it hit Rosneft PJSC’s major oil refinery in the Volga region as Kyiv intensified its campaign against Russian energy infrastructure.

Republicans gathered in Dallas this week to rally behind President Donald Trump ahead of November's US midterms -- even as an unavoidable conundrum loomed beyond the election: who inherits the movement when he is gone?

They followed new tariffs imposed by Trump on Canada in August, and Canada's retaliatory tariffs, which took effect on Tuesday. Here is the latest. All times eastern. — 4:30 p.m. Prime Minister Mark Carney says he is always ready to sit down with the Americans to negotiate,

Canadian Prime Minister Mark Carney signaled that Canada may hold off on further retaliation against President Donald Trump’s latest trade measures, calling them “relatively modest” compared to earlier U.

The trade war between the United States and Canada is escalating as both nations implement new import restrictions and retaliatory measures.