In April 2026, inflation surged to its highest level in nearly three years, driven primarily by rising gas prices linked to the ongoing conflict in Iran.
In the first quarter of 2026, major oil companies such as TotalEnergies, Shell, and BP reported stronger-than-expected profits, largely attributed to their trading desks, which have performed well during periods of market volatility.
Redwood Materials, the electric vehicle battery recycling business started by Tesla board member and former CTO JB Straubel, is bringing on another former Tesla executive, Deepak Ahuja, as CFO, the company announced Monday.
Oil prices surged on Monday following Israeli Prime Minister Benjamin Netanyahu's statement that the conflict with Iran is "not over," which heightened concerns about potential escalations in the Middle East that could disrupt energy supplies.
South Korea's Kospi index opened at a record high on Monday, rising 3.67% amid a backdrop of increasing oil prices and heightened tensions between the U.S.