U.S. oil futures climbed back above $70 a barrel in late trading after the U.S. launched a fresh attack on Iran a day after Tehran struck a ship in the Strait of Hormuz.

A tanker reported being struck by a projectile in the Strait ​of Hormuz as the warring sides accused each other of violating an interim peace deal.

STORY: The U.S. and Iran have each launched strikes in the worst escalation since they signed an interim peace deal. A tanker on Saturday reported being struck by a projectile in the Strait of

Iran launched a drone assault targeting Bahrain while a ship in the Strait of Hormuz separately came under attack Saturday, in Tehran’s likely response to overnight airstrikes by the United States. The attacks in the Persian Gulf show the danger of the Iran war again spinning out of control,

The S&P 500 finished nearly flat and slipped less than 0.1% to close out just its second losing week in the last 13. The Dow Jones Industrial Average dipped 44 points, or 0.1%, and the Nasdaq composite fell 0.

AI stocks are veering back down the roller coaster and pulling Wall Street behind them. The S&P 500 fell 0.6% early Friday and is heading for just its second losing week in the last 13. The Nasdaq composite,

The S&P 500 ended marginally lower today, with a steep drop in AI-related chip stocks and sharp gains in Moderna and other healthcare stocks.

AI stocks are veering back down the roller coaster and pulling Wall Street behind them. The S&P 500 fell 0.6% Friday, and the Nasdaq composite skidded 1%. The Dow Jones

What you need to know about new changes to social security benefit payments

Understanding the minimum Social Security benefit for 2026 could help retirees make better financial decisions before claiming their monthly payments.

July Social Security checks are set to go out to recipients on a regular schedule next month, even with the Fourth of July holiday. The Social Security Administration pays its benefits on Wednesdays.

The data is pretty clear on when you should claim Social Security benefits, but most people don't follow the guidance.

The nation’s biggest bank recently promoted two possible successors, lost one longtime contender, and handed out $100 million in retention awards.

Over two decades at JPMorgan, Troy Rohrbaugh earned a reputation as a shrewd risk manager. Now he’ll go from investing banking to running the bank’s sprawling consumer operation.

JPMorgan Chase said Thursday that the company is undergoing a major reshuffling of top management under CEO Jamie Dimon, in the latest twist to the succession saga at the country'

In 2005, Jamie Dimon was taking over as chief executive officer of JPMorgan Chase when he lured a Goldman Sachs foreign-exchange derivatives trader to join him. Troy Rohrbaugh turned into a lucrative hire.

Iran warned on Thursday that vessels not following approved routes would be be dealt with ‘accordingly,’ and a U.N. organization paused ship-evacuation efforts at the strait.

Crude futures settled higher after reports of an Iranian attack on a cargo ship in the Strait of Hormuz raised concerns about how smooth the reopening of the waterway will be.

Oil prices turned higher after a ship was hit by an unknown projectile in the Strait of Hormuz, sustaining damage to the bridge. Bloomberg's Mica Soellner has the context.

The Islamic Revolutionary Guard Corps struck a cargo ship near Oman on Thursday, further complicating the Iran-U.S. negotiations.

Iraq said it wants OPEC’s permission to pump more crude as the producer group’s limits on what it can sell hinder Baghdad’s scope to recoup oil sales that were lost because of the Iran war.

Iraq has weighed leaving the Organization of the Petroleum Exporting Countries if its oil production quota is not increased, sources told Reuters on Thursday, weeks after the exit ​of the United Arab Emirates.

Iraq, the second-biggest producer in OPEC, reportedly threatened to leave the cartel if the oil quota isn’t significantly raised. The threats came shortly after the United Arab Emirates left the organization last month,

Reuters reported that though Iraq had considered leaving OPEC, the ​current plan is to remain a member of the group while seeking a higher output quota.