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Consumers expect prices to rise at an annual rate of 3.8% over the next year from 3.4% a month earlier, the biggest increase since April 2025.

The Bloomberg survey mirrors new estimates by the OECD, which sees higher inflation in the U.S. and other major economies.

Brent crude is on pace for a record monthly gain in March, as the war between the U.S., Israel and Iran has rocked the oil-rich Middle East.

Unlike earlier this week when Trump announced that talks with Iran were progressing, investors appear to be skeptical of the president's latest claim.

Treasury Secretary Scott Bessent said a U.S. insurance program meant to boost shipping through the Strait of Hormuz will begin soon.

Four of the six largest swings ever seen in international oil benchmark Brent futures have come since the war started at the end of February.

Customer deliveries of Windrose tractors are expected to begin in May, Xos CEO Dakota Semler told Transport Topics in an exclusive interview.

Consumers are responding to one of the largest disruptions in global oil markets by embracing low-carbon technologies that promise to lower gas and power bills.

Doubt is taking over again on Wall Street from hope about a possible end to the war with Iran, and stocks are back to sinking as oil prices rise.

Trump administration officials are examining what a potential spike in oil prices as high as $200 a barrel would mean for the economy, according to sources.