The Associated Press reports that Trump has announced a 25% tariff on cars and trucks imported from the EU, accusing the bloc of failing to comply with trade agreements, potentially triggering new turmoil in global auto markets.
Yara International, one of the world’s largest fertilizer producers, warns that the Iran conflict’s disruption to fertilizer supplies could reduce crop yields and drive up food prices globally.
According to the Wall Street Journal, Elon Musk’s total compensation from Tesla last year exceeded $158 billion, setting a new record for U.S. corporate executive pay.
US gasoline prices have jumped nearly 30 cents in one week to $4.30 per gallon, driven by the Iran war and the Strait of Hormuz blockade.
On April 30, the S&P 500 breached 7,200 for the first time as both the index and Nasdaq closed at record highs. The Dow surged nearly 800 points, marking the best monthly performance since 2020.
The United Arab Emirates announces it will exit the Organization of the Petroleum Exporting Countries, sending shockwaves through global energy markets as US-Iran ceasefire talks remain stalled.
Oil prices surged to their highest level since 2022 after Axios reported US Central Command prepared strike plans against Iran; the Bank of England held rates but warned Middle East conflict could fuel inflation.
Brent crude surged past $126 a barrel — the highest since 2022 — after reports the US military is preparing new strike options against Iran. The ongoing closure of the Strait of Hormuz continues to disrupt global energy supplies.
Apple reports Q1 2026 revenue of $111 billion, up 17% year-over-year, with China sales surging 28%. Cook calls iPhone 17 the ‘most popular launch in Apple’s history’ as he prepares to hand over the CEO role to John Ternus in September.
A US-based think tank report reveals that the United States has lost up to $2.8 billion worth of aerial equipment in the conflict with Iran, highlighting the heavy material cost of the military operation.