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Financial TimesTrump says US could destroy Iran ‘in one night’ as he demands opening of HormuzFinancial TimesArtemis II astronauts head back to Earth after record-breaking Moon tripBloomberg MarketsOil Shock Pushes Thailand’s Inflation Toward Positive TerritoryBloomberg MarketsAustralia Risks Sharp Recession in Prolonged Iran WarBloomberg MarketsChina’s Electric-Arc Steelmakers Regain Edge as Profits RecoverBloomberg MarketsOil Gains as Trump Amps Up Threats Before Iran Deadline | The Asia Trade 4/7/2026Financial TimesThe internet is deciding what to forgetFinancial TimesJeff Bezos’s new lab hires xAI co-founder from OpenAIFinancial TimesUS counts cost of equipment destroyed in Iran warFinancial TimesThe future of global trade won’t depend on the Strait of HormuzFinancial TimesJPMorgan to build Canary Wharf’s tallest tower after City airport approvalBloomberg Markets‘Slim Hope For Resolution’ Before Trump’s Iran DeadlineBloomberg MarketsSingapore Minister Warned Worst Case Not Fully PricedBloomberg MarketsHow Iran War Could Reshape US Alliances in AsiaBloomberg MarketsJapan 30-Year Bond Sale Sees Tepid Demand Ahead of Iran DeadlineFinancial TimesTrump says US could destroy Iran ‘in one night’ as he demands opening of HormuzFinancial TimesArtemis II astronauts head back to Earth after record-breaking Moon tripBloomberg MarketsOil Shock Pushes Thailand’s Inflation Toward Positive TerritoryBloomberg MarketsAustralia Risks Sharp Recession in Prolonged Iran WarBloomberg MarketsChina’s Electric-Arc Steelmakers Regain Edge as Profits RecoverBloomberg MarketsOil Gains as Trump Amps Up Threats Before Iran Deadline | The Asia Trade 4/7/2026Financial TimesThe internet is deciding what to forgetFinancial TimesJeff Bezos’s new lab hires xAI co-founder from OpenAIFinancial TimesUS counts cost of equipment destroyed in Iran warFinancial TimesThe future of global trade won’t depend on the Strait of HormuzFinancial TimesJPMorgan to build Canary Wharf’s tallest tower after City airport approvalBloomberg Markets‘Slim Hope For Resolution’ Before Trump’s Iran DeadlineBloomberg MarketsSingapore Minister Warned Worst Case Not Fully PricedBloomberg MarketsHow Iran War Could Reshape US Alliances in AsiaBloomberg MarketsJapan 30-Year Bond Sale Sees Tepid Demand Ahead of Iran Deadline
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CNBC Top Newsmarkets

Oil prices extend gains as Trump reaffirms Tuesday deadline for bombarding Iran's power plants, bridges

CNBC Top News
Tuesday, April 7, 2026 at 3:13 AM
~4 min read
InflationEnergy

Original Report

Crude prices extended gains after Trump repeated the Tuesday deadline for escalating attacks on Iran's power plants and bridges.

Glass House Analysis

Inflation is the silent tax that erodes purchasing power, hitting hardest those who can least afford it. When grocery bills rise faster than wages, families face impossible choices between food, medicine, and rent. Unlike market volatility that mainly affects investors, inflation touches everyone who buys groceries, fills a gas tank, or pays rent.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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