A clearer picture of the Iran war’s economic impact is beginning to emerge, as inflation accelerated dramatically in March.

Consumer prices climbed by 0.9% between February and March, the Bureau of Labor Statistics reported, driven by a 10.9% hike in energy prices—the largest single-month gain the category has seen since 2005. Meanwhile, consumer sentiment fell to an all-time low in April, according to the University of Michigan’s widely-tracked survey, as respondents expressed concern about the conflict disrupting prices.

Even if the war ends and the Strait of Hormuz reopens, “it would take months for oil, gasoline, diesel and other commodity supplies to snap back to pre-war levels,” wrote Kathy Bostjancic, Nationwide’s chief economist.

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Iran warned that any military ships approaching the Strait of Hormuz would violate the ceasefire deal, hours after President Donald Trump announced the U.S. would blockade the waterway.

While some of the world’s wealthiest have pulled away from California amid a proposed billionaire tax, Nvidia chief Jensen Huang encouraged people to move to the Golden State.

Shares of CoreWeave surged 11% Friday as the cloud computing company announced a deal to power Anthropic’s AI model Claude, one day after a separate $21 billion deal with Meta.

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Out of prison after a pardon from President Donald Trump last year, 49-year-old........

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