Oil prices climbed again on Thursday morning as traders priced in shocks from a potential armed conflict between the US and Iran, adding to large gains in Wednesday trading and the overnight session. Futures on Brent crude (BZ=F), the international pricing benchmark, and US benchmark West Texas Intermediate (WTI) crude (CL=F) both rose around 2% to trade above $71.60 and $66.20, respectively. The price action brings monthly gains on both energy products to more than 11%. The oil market has been closely ...

Well, this morning, investors are trying to game out the economic impact of this past weekend's US strikes on Iran. Our senior economics reporter Steve Leeman joins us right now with more on that front. Steve, good morning. Morning, Becky. Yeah, muted market reaction to the military action in Iran suggests the possibility of a muted economic impact, but it will add to the potential for greater uncertainty and inflation already created by tariffs. The result could be to further stay the hand of the Fed, whic ...