Weekly Strait of Hormuz crossings fell from 176 to 131 in the week ended Oct. 14, per Kpler data reported by CNBC, as attacks hit ships and crude flows sat near 70% of pre-war levels.
China says it will keep approving rare earth export licenses to the EU even if the US-China trade truce lapses in January 2027. What the suspended 0.1% rule and the US blacklist covering some 20,000 entities mean for US buyers.
US electricity prices rose roughly 40% on average over five years, and utilities requested $23.1 billion in rate increases through the first three quarters of 2026, Fortune reports. What it could mean for a typical bill.
Trump waived Graham Act tariffs of up to 500% on Russian goods and up to 100% on top buyers of Russian oil, including China and India. What is known, and what it could mean for US fuel costs.
Brent crude touched $110 and closed at $109.86 on Oct. 16, 2026, and WTI settled at $101.41. CNBC ties the jump to Hormuz attacks; NBC says it raises the odds of another Fed hike this year.
The average US retail diesel price hit $6.32 a gallon, more than 70% above the same period last year according to AAA, as IEA members agreed to release over 20 million barrels.
U.S. retail sales rose 0.8% in September, the Commerce Department said, but just 0.2% excluding gas stations. Gas averaged $4.33 a gallon on Oct. 15, according to AAA.
US crude futures rose 3.1% to $98.04 a barrel on Oct. 15, 2026, which RTTNews tied to supply concerns after two ships were struck in the Strait of Hormuz.
US diesel is $6.30 a gallon, up about 60% in a year, according to EIA data cited by DW. Analysts at Commerzbank and the German Economic Institute told DW a US-Russia diesel deal is unlikely to bring fast relief.
The consumer price index rose 3.7% in September 2026, up from 3.4% in August, according to the Bureau of Labor Statistics. CNBC links the rise mainly to Iran war energy costs. Here is what it means for borrowing costs and household budgets.
