A Strait of Hormuz “toll” would pose major economic and geopolitical risks, experts say

A Strait of Hormuz “toll” would pose major economic and geopolitical risks, experts say

Reports that Iran is planning to charge ships a toll to traverse the Strait of Hormuz are raising concerns about the potential economic impact on oil and fuel prices.  Iran’s Islamic Revolutionary Guard Corps “has imposed a de facto ‘toll booth’ regime in the Strait of Hormuz, requiring vessels to submit full documentation, obtain clearance codes and accept … Read more

Hogs Face Pressure on Thursday

Hogs Face Pressure on Thursday

Lean hog futures saw front month April up 47 cents ahead of next week’s expiration, as other contracts were down 25 to 77 cents. USDA’s national base hog price was reported at $89.92 on Thursday afternoon. The CME Lean Hog Index was back up 24 cents on April 7 at $90.30.  Export Sales data from this … Read more

WD-40 (WDFC) Q2 2026 Earnings Call Transcript

WD-40 (WDFC) Q2 2026 Earnings Call Transcript

During the second quarter, sales of maintenance products in our direct markets grew 14% compared to the prior year. Sales through our marketing distributor network increased 9% year-over-year, driven primarily by sequential improvement across our Asia Pacific distributor markets as we saw the anticipated rebound following a softer first quarter. I’d also like to highlight … Read more

CPI report shows inflation surged in March as Iran war drove up energy costs

CPI report shows inflation surged in March as Iran war drove up energy costs

A global energy shock triggered by the Iran war sent U.S. inflation soaring in March, with the Consumer Price Index rising at a 3.3% annual rate, the highest reading in nearly two years. By the numbers Economists had predicted inflation would jump nearly an entire percentage point from 2.4% in February to 3.3% in March on … Read more

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