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A ‘full normalization scenario’ for oil is still out of reach — even with the Strait of Hormuz now open22:53 About seven weeks after the start of the conflict in the Middle East, Iran announced on Friday that a crucial maritime passageway for seaborne oil was “completely open” for commercial vessels — but only as long as the Lebanon-Israel cease-fire agreement is in effect. Most U.S. farmers can’t afford all the fertilizer they need this year. Opening the Strait of Hormuz comes too late.22:21 Urea fertilizer prices have climbed 47% since the end of February, according to the American Farm Bureau Federation. It’s ridiculously easy for kids to get hooked on online gambling. Here’s how parents can help.22:21 The rise of sports-betting apps and prediction markets has turbocharged teen gambling on games — and parents often have no idea. Amazon’s stock peeks into record territory, as the AI script has flipped to a positive21:49 Investors are closely watching Amazon Web Services, which analysts see showing strong growth throughout 2026. Nasdaq heads toward its longest winning streak since 1992 as historic stock-market comeback continues21:49 A rally that has already catapulted stocks higher with a velocity rarely seen before continued to pick up speed on Friday. U.S. oil prices plunge to around $80 a barrel after Iran declares Strait of Hormuz open. How soon could they return to pre-war20:46 The reopening of the Strait of Hormuz on Friday sent a fresh wave of relief through oil markets, knocking U.S. crude prices down to their lowest levels since the early days of the U.S.-Iran conflict last month. Fed’s Waller turns cautious on rate cuts and worries about a ’lasting increase in inflation’20:14 Federal Reserve Governor Chris Waller said the surge in oil prices tied to the Iran war and lingering effects from U.S. tariffs could “lead to a more lasting increase in inflation,” potentially forcing the central bank to eschew further interest-rate cuts. |