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US gas prices hit $4.23 high as Hormuz fears drive oil surge

Blockade threat in vital strait and Trump’s stance lift crude, pushing pump prices to highest level since 2022Sign up for the Breaking News US email to get newsletter alerts in your inboxAverage US gas prices have hit a new high at $4.23 per gallon, their highest since 2022 and a record since the start of the war with Iran, according to the motor club AAA.The price of Brent crude, the benchmark that influences the price of US gasoline prices, now stands at $114.60 a barrel, up nearly 25% from th...

From Oil To Critical Minerals: The Next Energy Security Risk

InnovationSustainabilityFrom Oil To Critical Minerals: The Next Energy Security RiskByElena Bou,Contributor.Forbes contributors publish independent expert analyses and insights. Elena Bou, Co-Founder, InnoEnergyFollow AuthorApr 29, 2026, 08:40am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.CHONGQING, CHINA - JULY 26: In this photo illustration, metal cubes representing rare earth elements including Neodymium (Nd), Prase...

Nearly two million more higher-rate taxpayers since start of decade

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UAE’s withdrawal from OPEC marks climax of quota dispute with Saudi Arabia

Ahmed Mustafa, the Director of the Cairo-based Asia Center for Studies and Translation, said the rift between Abu Dhabi and Riyadh simmered since 2020

Spirit Airlines Unions Want What Trump Wants: ‘Lend Us Some Money Now’

BusinessAerospace & DefenseSpirit Airlines Unions Want What Trump Wants: ‘Lend Us Some Money Now’ByTed Reed,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Charlotte-based reporter Ted Reed covers airlines and airline labor.Follow AuthorApr 29, 2026, 08:37am EDTApr 29, 2026, 08:41am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.AFA created a composite of working Spirit flight...

Ackman’s $5 Billion Pershing IPO Squeaks Across the Finish Line

Bill Ackman’s Pershing Square is finally going public after years of social media-hyping about building an empire modeled on Warren Buffett’s, and even after raising $5 billion for his vision, the hedge-fund billionaire faces another test.

UK firms in ‘critical financial stress’ jump by a third as costs rise, report finds

Insolvency firm points to tax rises, staff costs and shaky consumer confidence after number increases to 62,193The number of UK businesses in “critical financial distress” has risen by more than a third over the past year, according to insolvency practitioners, as companies contend with a “slew of increased taxes” and the impact of the Middle East conflict.Hospitality and leisure firms have been faring particularly badly because of shaky consumer confidence, and rising taxes and staff costs, acc...

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Oil above $114 raises fresh fuel and airfare worries

Dubai: Oil’s latest rally is putting fuel, freight and airline costs back in focus for consumers and businesses, with Brent crude rising above $114 a barrel on Wednesday after the US-Iran standoff over the Strait of Hormuz showed little sign of easing.Sign up for our daily business newsletter, Cheques & Balances.Gulf energy flows remain constrained, physical supply is tight, and traders are starting to price in the possibility that the blockade around Iranian ports could last longer than initial...

Oil hits $115: Prices surge to highest since 2022 amid Iran tensions

Oil hits Prices surge to highest since amid Iran tensions

Housing estate residents see energy bills frozen

Housing estate residents see energy bills frozenJust nowShareSaveAdd as preferred on GoogleDaniel HollandLocal Democracy Reporting ServiceBBCHomeowners at the Byker Wall previously saw their bills rise to more than £200 a monthResidents of a housing estate have been told their energy bills will be frozen this year.Homeowners at the Byker Wall Estate previously saw their bills top £200 per month for using a district heat network (DHN), which charges a fixed fee rather than one based on the amount...

Is Iran’s oil storage nearly full – and will it have to cut production?

Experts predict Iran could gradually scale back oil production if the US naval blockade of Hormuz persists.

AstraZeneca makes surprise U-turn with £300m pharma investment

Drugmaker had stalled large-scale UK projects but has now pledged investment at two sites, announced by Keir StarmerBritain’s biggest drugmaker AstraZeneca has said it will invest £300m in the UK in a surprise U-turn after pausing large-scale projects last year.The drugmaker had pulled back projects in Britain after becoming disillusioned with the business environment, including the availability of new medicines on the NHS and drug pricing. Continue reading...

After firing 30,000, AWS CEO says AI isn't replacing jobs and Amazon intends to hire 11,000

After firing AWS CEO says AI isnt replacing jobs and Amazon intends to hire

Rajiv Bajaj to step down from Bajaj Finance board at end of term

Rajiv Bajaj to step down from Bajaj Finance board at end of term

Godrej Industries lays out 2031 growth ambitions

Godrej Industries lays out growth ambitions

Farm Bill Amendment Pits Big Refiners Against Smaller Operations

BusinessEnergyFarm Bill Amendment Pits Big Refiners Against Smaller OperationsByDavid Blackmon,Senior Contributor.Forbes contributors publish independent expert analyses and insights. David Blackmon is a Texas-based public policy analyst/consultant.Follow AuthorApr 29, 2026, 08:07am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Casselton, North Dakota, The Tharaldson Ethanol plant, the seventh-largest such plant in the U...

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Wingstop Sinks as Fewer Diners Feasted on Fast-Food Chicken

Wingstop Inc. shares fell after the company lowered its full-year guidance and reported worst-than-expected results, confirming concerns that traffic to the chicken chain had significantly dropped off.

Pakistan’s weekly oil bill jumps to $800m amid Middle East crisis, PM says

Dubai: Pakistan’s weekly oil import bill has surged to around $800 million, nearly tripling from pre-war levels, as global fuel prices spike due to the ongoing Middle East conflict, Dawn reported.Prime Minister Shehbaz Sharif said the country’s weekly oil bill had risen sharply from about $300 million before the war, reflecting the impact of disrupted energy markets after the US and Israel launched strikes on Iran on February 28, the report said.Shipping through the Strait of Hormuz — a critical...