Articles about Spike

• The U.S. Energy Department announced plans Wednesday to loan an additional 10 million barrels of crude from the Strategic Petroleum Reserve as part of a 172 million-barrel drawdown. • West Texas Intermediate crude prices exceeded $112 per barrel due to ongoing Iran conflict disruptions, prompting the reserve release to curb domestic fuel costs. • Critics warn the extensive SPR drawdown heightens U.S. energy vulnerabilities during prolonged geopolitical tensions and supply chain risks through key chokepoints.

Biggest rises were in vegetable oil and sugar prices, which increased by 5% and 7% respectivelyVisual guide to the Gulf fertiliser blockadeFood prices rose sharply in March as war in the Middle East drove up energy prices and freight costs around the world, a UN report says.An index of food commodity prices by the UN’s food and agriculture organisation increased by 2.4% in March, its second consecutive monthly rise. Continue reading...

• Jerome Adams, former Surgeon General, discussed on CBS's Face the Nation a surge of more than 1,500 confirmed measles cases in the U.S. since January 2026, per CDC data. • A notable spike is occurring in Utah, contributing to the national increase in this highly contagious disease. • The outbreak highlights ongoing vaccination challenges and public health risks in under-immunized communities.

• Major US indices declined Thursday amid caution over Trump's Iran pause and U.S.-Iran talks: Nasdaq fell 2.4% to 21,408.08, S&P 500 lost 1.7% or 114.74 points to 6,477.16, Dow dropped 1% or 469.38 points to 45,960.11. • Eight of 11 S&P sectors ended negative, led by Communication Services (XLC) -3.5%, Tech (XLK) -2.7%, Industrials (XLI) -2.3%; Energy (XLE) gained 1.6%. • NVIDIA (NVDA) led Dow losers down 4.2% despite Zacks Rank #1 (Strong Buy); trading volume at 16.50 billion shares below 20-session average of 20.54 billion.

OECD says the Middle East war will test the world’s resilience with Australia expected to suffer from higher rates and inflationGet our breaking news email, free app or daily news podcastThe world economy is on the brink of a major inflationary spike as soaring fuel prices threaten growth in European and Asian nations, the OECD has warned, and local economists are slashing Australia’s growth prospects for this year and the next amid the ongoing US-Israel attack on Iran.The Organisation for Economic Cooperation and Development’s latest interim outlook said the US-Israel war on Iran will “test the resilience of the global economy”, and warned of the “significant downside risk” to their forecasts should the oil supply disruptions prove more persistent and push energy prices even higher. Continue reading...

Australian counterterrorism experts observe December shooting came amid years of messaging from terror group urging followers to act ‘on their own initiative’Get our breaking news email, free app or daily news podcastThe Bondi beach terror attack occurred amid an international spike of anti-western plots in December last year that appeared to be “inspired or instigated” by Islamic State, a new report has found, with many of them targeting holiday events such as Christmas markets.In research published by the West Point Combating Terrorism Center in its publication Sentinel on Thursday, Australian counterterrorism experts Andrew Zammit and Levi West examined Islamic State’s strategic shifts and jihadi tactics in Australia prior to the alleged antisemitic terrorist attack. Continue reading...

• Scientists resolved a 12,800-year-old climate puzzle from Greenland's GISP2 ice core, identifying the source of an unusual platinum spike initially linked to a possible meteorite or comet impact. • The spike showed high platinum but low iridium levels, not matching typical space rocks or volcanic materials, sparking debate since its 2013 discovery. • New analysis rules out extraterrestrial or volcanic origins, offering fresh understanding of ancient atmospheric events and Younger Dryas climate shifts.

Record 171 million passengers are expected to fly this spring, even as TSA funding lapse risks longer airport linesSpring breakers in the US could see their long-awaited trips to party destinations disrupted by a trifecta of issues: airport security delays, high gas prices, and chaotic weather.The potential for flight delays comes as US airlines expect that they will see a record-shattering spring travel season. Airlines for America, an aviation industry group, said that 171 million passengers are expected to fly – a 4% increase from the 2025 spring travel period. Continue reading...

• The U.S. Federal Reserve decided to hold interest rates steady on March 19, 2026, in its first move since oil prices spiked due to the Iran war. • Officials cite inflationary pressures from energy disruptions but project stability if conflict de-escalates. • The decision impacts American consumers facing higher gas prices, influencing mortgage and loan rates nationwide.

Carriers warn they cannot hold off passing on costs for long and some airlines plan to increase flights via AsiaBusiness live – latest updatesEurope’s biggest airlines have said that that the spike in fuel prices caused by the war in the Middle East will drive up fares and are advising passengers to book early.While carriers have partly hedged the price of jet fuel, bosses said they could not avoid passing on additional costs to passengers for long. Continue reading...

• West Texas Intermediate crude topped $100 per barrel for the first time since 2022 in early Monday trading, while Brent held above $102, driven by ongoing Middle East conflict in the Strait of Hormuz entering its third week. • Several tankers successfully transited the waterway over the weekend, lifting market sentiment; however, WTI pulled back to $95 by late trading, down over 3%, as President Trump pressured NATO allies to help break Iran's blockade. • The Dow, S&P 500, and Nasdaq rose as investors weighed the dual impact of potential Hormuz reopening against inflation concerns; Federal Reserve officials begin a two-day policy meeting this week amid uncertainty over rate path decisions.

• Researchers from Skoltech have successfully used gene editing to double the number of grains produced per wheat spike, a breakthrough that could significantly increase crop yields. • The advancement addresses global food security concerns by enhancing wheat productivity through targeted genetic modifications. • This development represents a major step forward in agricultural biotechnology and sustainable food production methods.

Prime minister expected to set out tens of millions of pounds in help for heating oil users as conflict with Iran drives up costsKeir Starmer will on Monday announce tens of millions of pounds’ worth of support for Britons hit by a spike in energy prices as a result of the Iran war.The prime minister will lay out the plans during a press conference in Downing Street on Monday, during which he will also take aim at some suppliers of heating oil for price gouging. Continue reading...