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NEW YORK, NEW YORK - DECEMBER 12: President-elect Donald Trump rings the opening bell on the trading floor of the New York Stock Exchange (NYSE) on December 12, 2024 in New York City. Trump was invited to the Exchange after being named TIME’s “Person of the Year” for the second time. (Photo by Spencer Platt/Getty Images)

Wall Street is the biggest winner of the Iran war—and the S&P 500 just turned positive for the year

The “Trump always chickens out” trade has made investors a fortune.

By Eva RoytburgApril 13, 2026

iran

With the U.S. now blockading the Strait of Hormuz, the focus is on who has ‘the guts to go through first’

By Jordan BlumApril 13, 2026

U.S. President Donald Trump attends UFC 327 at Kaseya Center on April 11, 2026 in Miami, Florida.

Trump threatens to blow up Iran’s last ships ‘using the same system of kill’ for drug boats as his ‘Hail Mary’ blockade begins

By Eva RoytburgApril 13, 2026

U.S. naval blockade on Iran will trigger a currency devaluation spiral and hyperinflation, potentially ending the war more quickly, analyst says

U.S. naval blockade on Iran will trigger a currency devaluation spiral and hyperinflation, potentially ending the war more quickly, analyst says

By Jason MaApril 13, 2026

ireland

Irish PM offers $592 million fuel tax cut to reopen refinery as farmers and truckers wage cost-of-living protest

By Brian Melley and The Associated PressApril 13, 2026

Current price of oil as of April 13, 2026

Current price of oil as of April 13, 2026

By Joseph HostetlerApril 13, 2026

Latest Stories

sam altman

Law Meet the man accused of throwing a Molotov cocktail at Sam Altman: a 20-year-old AI doomer

By Juan Lozano, Lekan Oyekanmi and The Associated PressApril 13, 2026

hippo

Environment Colombia approves plan to kill cocaine hippos roaming through center of country

By Manuel Rueda and The Associated PressApril 13, 2026

trump

Politics Trump refuses to apologize to the Pope, offers implausible explanation for tweeting himself as Jesus

By Will Weissert, Josh Boak, Nicole Winfield and The Associated PressApril 13, 2026

AI agents are acting like employees, but company structures still treat them like software

Commentary AI agents are acting like employees, but company structures still treat them like software

By Dan MountstephenApril 13, 2026

New drones are giving Ukraine a battlefield advantage and ravaging Russia’s oil industry

Innovation New drones are giving Ukraine a battlefield advantage and ravaging Russia’s oil industry

By Jason MaApril 13, 2026

U.S. President Donald Trump salutes as a U.S. Army carry team moves a flag-draped transfer case containing the remains of Sgt. Declan J. Coady at Dover Air Force Base on March 07, 2026 in Dover, Delaware.

Politics Trump has wanted to humble Iran since 1980. He may be humbling the American empire instead

By Eva Roytburg and Nick LichtenbergApril 13, 2026

Credit cards in a row

Personal Finance Americans are credit-card-maxing tax season with sign-up bonuses while half the country relies on their refund to catch up on bills

By Catherina GioinoApril 13, 2026

JBS-Pensions

Law Union workers win their beef: New labor contract sealed at one of the nation’s largest meatpacking plants

By The Associated Press and Jessica HillApril 13, 2026

More EnergyPage 9 of 100

‘Peak war panic’ will likely hit financial markets in 1-3 weeks, strategist predicts, as Trump says he doesn’t want to make a deal with Iran yet

Energy ‘Peak war panic’ will likely hit financial markets in 1-3 weeks, strategist predicts, as Trump says he doesn’t want to make a deal with Iran yet

By Jason MaMarch 14, 2026

Energy secretary invokes Defense Production Act to force a Texas oil company to restore operations in California. Newsom condemns move

Energy Energy secretary invokes Defense Production Act to force a Texas oil company to restore operations in California. Newsom condemns move

By The Associated PressMarch 14, 2026

Iran openly threatens neighbor’s non-U.S. assets for first time, telling UAE ports to evacuate

Politics Iran openly threatens neighbor’s non-U.S. assets for first time, telling UAE ports to evacuate

By Jon Gambrell, Sam Mednick, Konstantin Toropin, Samy Magdy and The Associated PressMarch 14, 2026

Trump calls for countries to send warships to reopen Hormuz

Energy Trump calls for countries to send warships to reopen Hormuz

By Arsalan Shahla and BloombergMarch 14, 2026

Trump’s AI czar calls for U.S. to ‘get out’ of war and warns Iran has a ‘dead man’s switch’ that could render Gulf states almost uninhabitable

Middle East Trump’s AI czar calls for U.S. to ‘get out’ of war and warns Iran has a ‘dead man’s switch’ that could render Gulf states almost uninhabitable

By Jason MaMarch 14, 2026

Kharg Island is ‘the main node’ of Iran’s economy, and a U.S. takeover would provide leverage in any negotiations, energy expert says

Politics Kharg Island is ‘the main node’ of Iran’s economy, and a U.S. takeover would provide leverage in any negotiations, energy expert says

By Sam Metz and The Associated PressMarch 14, 2026

Jet fuel prices are rising as oil spikes on Iran war. Airlines are already announcing fare increases or fuel surcharges

Energy Jet fuel prices are rising as oil spikes on Iran war. Airlines are already announcing fare increases or fuel surcharges

By Rio Yamat and The Associated PressMarch 14, 2026

U.S. lifts sanctions on Russian oil already loaded onto tankers, equal to 5-6 days’ worth of normal shipments through the Strait of Hormuz

Energy U.S. lifts sanctions on Russian oil already loaded onto tankers, equal to 5-6 days’ worth of normal shipments through the Strait of Hormuz

By David McHugh and The Associated PressMarch 14, 2026

iran

Politics Iran stretches war into third week with missile strike on U.S. embassy compound in Baghdad

By Jon Gambrell, Sam Mednick, Konstantin Toropin, Mike Corder and The Associated PressMarch 14, 2026

Why oil traders are rushing to trade on crypto platform Hyperliquid

Crypto Why oil traders are rushing to trade on crypto platform Hyperliquid

By Ben WeissMarch 14, 2026

Handout photo taken on March 11, 2026 and released by the Royal Thai Navy shows smoke rising from the Thai bulk carrier 'Mayuree Naree' near the Strait of Hormuz after an attack. A Thai bulk carrier travelling in the crucial Strait of Hormuz was attacked March 11, with 20 crew members rescued so far, the Thai navy said.

Energy Skyrocketing energy prices and inflation woes mount as the ‘absurd’ reality in Iran sinks in

By Jordan BlumMarch 14, 2026

U.S. hits military targets on Iran’s Kharg Island as war escalates

Politics U.S. hits military targets on Iran’s Kharg Island as war escalates

By Skylar Woodhouse, Catherine Lucey and BloombergMarch 13, 2026

U.S. officials have discussed trading oil futures, Burgum says

Energy U.S. officials have discussed trading oil futures, Burgum says

By Jennifer A. Dlouhy, Tyler Kendall and BloombergMarch 13, 2026

President Donald Trump

Energy The war in Iran has caused the biggest oil supply disruption in history, energy watchdog says, and a swift end to the conflict might not change that

By Tristan BoveMarch 13, 2026

The Strait of Hormuz is an Iranian ‘kill box,’ preventing the U.S. Navy from securing it right now and letting tankers pass through freely

Energy The Strait of Hormuz is an Iranian ‘kill box,’ preventing the U.S. Navy from securing it right now and letting tankers pass through freely

By Jason MaMarch 13, 2026

Current price of oil as of March 13, 2026

Personal Finance Current price of oil as of March 13, 2026

By Joseph HostetlerMarch 13, 2026

trump

Energy Trump bragged about gas $2.30 a gallon just a month ago. He’s changed his tune

By Josh Boak and The Associated PressMarch 13, 2026

How the Iran war cuts off Southeast Asia’s tourism industry

Asia How the Iran war cuts off Southeast Asia’s tourism industry

By Angelica AngMarch 13, 2026

Photo: President Trump

Economy Wall Street buckles in for a long war as Hormuz remains closed and Trump says he has ‘plenty of time’

By Jim EdwardsMarch 13, 2026

grocery store

Energy Oil and fertilizer prices are climbing. Your grocery bill may follow

By Jake AngeloMarch 13, 2026

Texas Gov. Greg Abbott and Google CEO Sundar Pichai speak at a press conference in front of a Google data center.

Energy Google and Tesla know electricity is expensive. They’re teaming up to bring you an alternative.

By Jacqueline MunisMarch 12, 2026

Nepali consumers wait in line carrying empty LPG cylinders as they rush to gas depots to refill them as growing tensions in West Asia halt the supply in Kathmandu, Nepal, on March 12, 2026. People wait for hours hoping to refill their gas cylinders. While some manage to purchase filled cylinders, many others return empty-handed as supplies remain limited. The disruption follows the escalating conflict involving the United States, Israel, and Iran, which heightens tensions across the Gulf region. Shipping through the Strait of Hormuz, a key maritime route bordering Iran, the United Arab Emirates, and Oman, is also affected by the conflict, disrupting the transport of gas and petroleum products. The impact is now felt in markets around the world.

Energy Exxon, Chevron, and other US oil and gas producers and refiners hit all-time-high stock values amid Iran war while consumers pay the price

By Jordan BlumMarch 12, 2026

iran

Politics Iran’s new Supreme Leader warns of ‘opening other fronts’ in first statement from hiding

By Jon Gambrell, David Rising, Mike Corder, Natalie Melzer and The Associated PressMarch 12, 2026

evs

Energy This 55-year-old supply chain management professor took a gamble last year: he bought an electric vehicle

By Alexa St. John, Tammy Webber and The Associated PressMarch 12, 2026

trader

Energy Oil hits $100 a barrel and stocks sink as Iran War drags on with no end in sight

By Stan Choe and The Associated PressMarch 12, 2026

A man stands amidst a field of corn.

Economy Fertilizer prices soar as Strait of Hormuz tensions rise—forcing U.S. farmers to rethink spring planting

By Sasha RogelbergMarch 12, 2026

A sign reading 'out of stock' is displayed at a gas station amid rising petrol prices in Manila, the Philippines

Economy The Iran war is reviving remote work across the world — from Denmark to Vietnam

By Tristan BoveMarch 12, 2026

The latest accounting on Trump’s Iran war show it could spike the national debt by $65 billion over 60 days

Economy The latest accounting on Trump’s Iran war show it could spike the national debt by $65 billion over 60 days

By Shawn TullyMarch 12, 2026

trump

Energy Trump just put Republicans’ hold on the Senate at risk while sending the national debt higher, Morgan Stanley says

By Nick LichtenbergMarch 12, 2026

U.S. President Donald Trump speaks to the press after landing on Air Force One on March 11, 2026 at Joint Base Andrews, Maryland.

Economy Stagflation risks are rising due to Iran conflict, as economist warns it’s ‘getting harder to argue disruption will be temporary’

By Eleanor PringleMarch 12, 2026

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'This is the last warning.' Iran threatens U.S. warships after they throw down the gauntlet for winner-take-all Strait of Hormuz

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By Fortune EditorsApril 11, 2026

'People are trying to be creative': Tariff-battered American companies are so cash-starved they are using refund claims as collateral for loans

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By Fortune EditorsApril 12, 2026

Billionaire philanthropist MacKenzie Scott has donated again—a week after gifting millions to a college, she's just given $70 million to Meals on Wheels America

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By Fortune EditorsApril 13, 2026

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