The price of crude oil briefly neared $120 a barrel Monday as Iran named Mojtaba Khamenei the supreme leader and then launched new attacks at Israel and Gulf states.
Scientists analyzed the urine of wild chimpanzees who'd feasted on fallen fruit to see how much alcohol they consumed from the fermented sugars.
Scientists analyzed the urine of wild chimpanzees who'd feasted on fallen fruit to see how much alcohol they consumed from the fermented sugars.Open
The selection of a new hardline leader in Iran and worries about more regional destabilzation sent oil prices to their highest level since the 2008 financial crisis
Data: Financial Modeling Prep ; Chart: Axios Visuals In the first week of the American and Israeli attack on Iran, the economic ripples were looking pretty minimal. But as Week 2 begins, the risks to the global economy are growing much more serious. The big picture: You can't decapitate the leadership of a country of 90 million people, with expansive military and intelligence capabilities, in the heart of some of the world's most economically important supply chains, without a huge cost. - The hours and days and weeks ahead are all about quantifying that cost. Zoom in: Oil skyrocketed 25% overnight, to just under $120 a barrel, fueling worries that higher energy costs will stoke inflation and curb spending by U.S. consumers. Tokyo's…
Data: Financial Modeling Prep ; Chart: Axios Visuals In the first week of the American and Israeli attack on Iran, the economic ripples were looking pretty minimal. But as Week 2 begins, the risks to the global economy are growing much more serious. The big picture: You can't decapitate the leadership of a country of 90 million people, with expansive military and intelligence capabilities, in the heart of some of the world's most economically important supply chains, without a huge cost. - The hours and days and weeks ahead are all about quantifying that cost. Zoom in: Oil skyrocketed 25% overnight, to just under $120 a barrel, fueling worries that higher energy costs will stoke inflation and curb spending by U.S. consumers. Tokyo's…Open
Military analysts have estimated that the U.S. is currently spending $1 billion per day in its war with Iran.
Seven American service members have died so far.
A fire near Glasgow Central Station has disrupted rail services across Scotland
World shares tumbled on Monday, with Japan's benchmark Nikkei 225 index plunging more than 5%, after oil prices spiked at nearly $120 a barrel.