Oil Prices Rise. Trump Orders Navy to 'Shoot and Kill' Boats Laying Mines in Hormuz.
Brent crude futures settled above $100 a barrel on Wednesday as tensions in the Strait of Hormuz mounted.
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Stocks Slip Amid Concerns About Energy Market Disruptions
U.S. stocks were in the red, mirroring losses in Asia and Europe.
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Air War in Iran Gives Way to Crippling Stalemate in Hormuz
President Trump's decision to extend a fragile cease-fire while maintaining his blockade of Iran ushers in a damaging new phase of the conflict.
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Fear of Shortages Boosts Global Factories, But Eurozone Activity Declines
The U.S., France, Japan, India and the U.K. recorded a pickup in factory output, but Germany is experiencing a sharp decline in services activity and a slowdown in manufacturing.
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U.S. Jobless Claims Rose Last Week
The number of people who filed for unemployment benefits was 214,000 in the week through April 18, higher than the 208,000 reported a week earlier, the Labor Department said.
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Trump Administration Reclassifies Marijuana as Less Dangerous Drug
The policy shift could make it much easier to buy and sell pot and reward investors in the multibillion-dollar cannabis industry.
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Canada Producer Prices Rise in March
Producer prices in Canada climbed again last month, driven by a record jump for energy products and big rises for chemicals with the escalation in the Iran war.
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U.K. Budget Deficit Was Smallest Since Pandemic
The government narrowed the deficit, but further progress in reducing borrowing is likely to be challenging if the conflict in the Middle East is prolonged.
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U.S. Officials Try to Get a Grip on Risks Bubbling Inside Private Credit
In widespread requests, the SEC is seeking information about valuations, loan selection and other maneuvers by firms including Blue Owl.
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South Korea's Economy Rebounds Amid Middle East War Risks
South Korea's economy rebounded at a stronger-than-expected pace in the first quarter on robust semiconductor exports, signaling that the country's artificial intelligence-driven buffer remains intact.
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Philippine Central Bank Raises Rates as Mideast War Fuels Inflation Risks
Bangko Sentral ng Pilipinas opted to raise its benchmark overnight reverse repurchase rate to 4.50% from 4.25%.
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India's Factory Workers Were Getting By. Then the Strait of Hormuz Closed.
The closure of the waterway has choked energy supplies to India, upending the dreams of assembly-line workers and sparking large labor protests.
(END) Dow Jones Newswires
April 23, 2026 11:00 ET (15:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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